SOFAZ

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...

In December this year, the State Oil Fund of the Republic of Azerbaijan (SOFAZ) marked its 25th anniversary, highlighting its pivotal role in shaping the country's economy since its establishment in 1...

The State Oil Fund of Azerbaijan (SOFAZ) received $416.2 million in revenue from the Shah Deniz gas field development in the Azerbaijani sector of the Caspian Sea during January-November of this year....

The State Oil Fund of the Azerbaijan Republic (SOFAZ) sold foreign currency worth 574.6 million USD in November 2024. According to SOFAZ’s report, this is a 230.6% increase compared to October of this...

The State Oil Fund (SOFAR) is holding an open tender for voluntary medical insurance for 160 employees. This is reported on the unified Internet portal of public procurement.

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.