SOFAZ

With Donald Trump’s return to power in the United States, radical shifts in domestic and foreign policy have begun to impact global markets, with these effects expected to expand further. The energy a...

Exactly 1 month after President Ilham Aliyev approved the budget of the State Oil Fund (SOFAZ) for 2025, the Accounting Chamber has published its opinion on this document.

In 2024, revenues of the State Oil Fund (SOFAZ) totalled AZN18,039 million, while budget expenditures totalled AZN12,896.4 million.This is reported by the Fund.

Global gold futures exceeded $2,800 per troy ounce on January 29, setting a historic record in international trading, according to financial portal Investing.com. Notably, this price per ounce is twic...

The assets of the State Oil Fund of Azerbaijan (SOFAZ) as of January 1, 2025, amounted to $60 billion 31.4 million. The Fund’s assets grew by 7.1% over the past year (on January 1, 2024, they totaled...

As of the end of 2024, the State Oil Fund (SOFAZ) had assets worth $60,031.4 million. This is reported by the Fund.

The State Oil Fund (SOFAZ) has withdrawn the €1 billion deposit placed in the Central Bank of Turkey in January 2022 and allocated it to fixed income securities.

Established in 1999, the State Oil Fund of the Republic of Azerbaijan (SOFAZ) currently holds assets exceeding $60 billion, which is roughly 80% of the country’s economy, SOFAZ’s Executive Director Is...