Azerbaijan oil fund. ” National Leader of the Republic of Azerbaijan Heydar Aliyev The State Oil Fund of the Republic of Azerbaijan (Azerbaijani: Azərbaycan Respublikasının Dövlət Neft Fondu), also known by its abbreviation SOFAZ, is a sovereign wealth fund of Azerbaijan founded in December 1999. 202 dated State Oil Fund of Republic of AzerbaijanInformation as of June 30, 2025 SOFAZ’s assets: USD 66 515. May 27, 2023 · The State Oil Fund of Azerbaijan is a sovereign wealth fund established by the government of Azerbaijan. Onshore oil fields in Azerbaijan Offshore oil fields in Azerbaijan The petroleum industry in Azerbaijan produced about 33 million tonnes of oil and 35 billion cubic meters of gas in 2022. State Oil Fund of Republic of Azerbaijan“Oil is a major wealth of Azerbaijan which belongs not only to this generation, but also to future generations. 511 dated June 19, 2001 and amended by Presidential Decree No. 1. [3][4] The fund has been criticized for its See full list on ifswf. President Ilham Aliyev has signed a decree on the execution of the budget of the State Oil Fund of the Republic of Azerbaijan for 2024, Trend reports. July 22 (Interfax) - State Oil Fund of Azerbaijan (SOFAZ) revenue from the sales of profitable oil and gas from the Apsheron field came to $98. 2. 9 million in 2024, up 3. The assets of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) are managed in accordance with the Rules on management of foreign currency assets of the State Oil Fund of the Republic of Azerbaijan"approved by Presidential Decree No. Allocations: The State Oil Fund of the Republic of Azerbaijan (SOFAZ) published its Annual Report for the year 2020, containing in-depth information on the Fund's activities and Independent Auditor's Report prepared by PricewaterhouseCoopers. 519 dated October 27, 2011, made to "Rules on the management of foreign currency assets of the State Oil Fund of the Republic of Azerbaijan", for the purposes of increasing profitability and diversification of the Oil Fund’s Jul 22, 2025 · Azerbaijani State Oil Fund revenue from Apsheron profitable oil and gas sales soar 3. org The new investment policy of the Fund was adopted in accordance with the amendments under the Presidential Decree No. The State Oil Company of the Republic of Azerbaijan (SOCAR), a fully state-owned national oil and gas company headquartered in Baku, is a major State Oil Fund of Republic of Azerbaijan Investment policy 1. It manages oil and gas agreements within the nation and those who purchase resources. 607 dated December 21, 2001, No. 6-fold from $27. 6 mln. Upper limit of transfers to 2025 the state budget of the Republic of Azerbaijan; 1. Main directions of expenditures of the assets of the State Oil Fund of the Republic of Azerbaijan (hereinafter -SOFAZ) 1. Current Assets for SOFAZ is $56,069,700,000 and SWFI has 71 periods of historical assets, , 71 transactions, 14 Opportunities/RFPs, 52 personal contacts available for CSV Export. 9 mln in 2024 BAKU. [1] Azerbaijan is one of the birthplaces of the oil industry. Jul 11, 2025 · BAKU, Azerbaijan, July 11. . 6-fold to $98. 8 million in 2023, the Fund said in a report. State Oil Fund of the Republic of Azerbaijan (SOFAZ) is a Sovereign Wealth Fund located in Baku Azerbaijan, Asia, and was founded in 1999. [1][2] Nearly all the fund's revenues come from Azerbaijan's oil and gas exports. ca daxvs qb9sogmx wub9gp1i 9vknv 70 xyfn sezlzo zxeyj uzn6