SOFAZ

From January to October this year, the State Oil Fund of Azerbaijan (SOFAZ) earned $5.334 billion from the development of the Azeri-Chirag-Gunashli (ACG) oil fields, located in Azerbaijan’s sector of...

A delegation from the State Oil Fund of the Republic of Azerbaijan (SOFAZ), led by the fund’s Executive Director Israfel Mammadov, concluded a working visit to Saudi Arabia. The visit aimed to strengt...

The State Oil Fund of Azerbaijan (SOFAZ) has signed a Memorandum of Understanding with “Hassana” Investment Company to explore investment opportunities in Saudi Arabia.

The State Oil Fund of Azerbaijan (SOFAZ) has disclosed the new composition of its investment portfolio as of the end of September 2024.

In January-September 2024, budget revenues of the State Oil Fund (SOFAZ) totalled AZN 15,004 million and budget expenditures AZN 9,634.5 million. This is reported by the Fund.

As of the end of September 2024, the State Oil Fund (SOFAZ) had assets worth $61,697.6 million. This was reported by the Fund.

The State Oil Fund of the Republic of Azerbaijan (SOFAZ) reported a 10% increase in assets for January-September 2024, reaching $61.698 billion, with assets growing by $1 billion in September, accordi...

January-September of this year, the State Oil Fund of the Republic of Azerbaijan (SOFAZ) received 364 million 465 thousand dollars  income from the development of the “Shah Deniz” field located in the...