SOFAZ

From January to August 2024, the State Oil Fund of Azerbaijan (SOFAZ) received $4.2716 billion in income from the development of the Azeri-Chirag-Guneshli (ACG) oil fields in the Azerbaijani sector of...

From January to August 2024, the State Oil Fund of Azerbaijan (SOFAZ) received $364.465 million from the development of the “Shah Deniz” field in the Azerbaijani sector of the Caspian Sea. According t...

The State Oil Fund of the Republic of Azerbaijan (SOFAZ) has reported substantial revenues from its key oil and gas fields in the first seven months of 2024. The Azeri-Chirag-Gunashli (ACG) oil field...

In 2023, the State Oil Fund of Azerbaijan (SOFAZ) paid AZN 5.3 million to foreign managers (financial organizations) in charge of its assets. This is stated in the financial statements of the Fund, wh...

In 2023, the State Oil Fund (SOFAZ) invested in the US money market fund "Goldman Suchs" with AAA rating. This is stated in the 2023 audited financial statements of the fund.

In January-June of this year, the State Oil Fund of Azerbaijan (SOFAZ) received revenues in the amount of $244.069 million from the development of the “Shah Deniz” gas condensate field located in the...

The State Oil Fund of the Republic of Azerbaijan (SOFAZ) reported revenues of USD 244.069 million from the development of the Shah Deniz gas condensate field from the beginning of 2024 to July 1, mark...

By Order No.165 of the President of the Republic of Azerbaijan Ilham Aliyev dated June 12, 2024, Bahruz Farman oglu Bahramov was appointed Deputy Executive Director of the State Oil Fund of the Republ...