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Tag: SOFAZ

Azerbaijan’s Revenues from ACG and Shah Deniz Decrease by Two Times

Proceeds to the State Oil Fund of Azerbaijan (SOFAZ) from the sale of profitable oil and gas from the Azeri-Chirag-Gunashli (ACG) block and the Shah…

Government Decides to Reduce Forecast Oil Prices in Budget by 36.4%

The Azerbaijani government decided, given low oil prices, to revise the parameters of both the state budget and the budget of the State Oil Fund…

Oil Fund Received $ 154 Billion, 73% Spent

The volume of revenues to the State Oil Fund of Azerbaijan (SOFAZ) in 2001-2019 amounted to $ 159.4 billion, is noted in the Fund’s annual report…

Azerbaijan’s profit from ACG project drops sharply in May

Revenues to the State Oil Fund of Azerbaijan (SOFAZ) from the sale of profitable oil from the Azeri-Chirag-Gunashli (ACG) block totaled $ 1 billion 986…

Assets of State Oil Fund of Azerbaijan for First Time Exceed $40 Bn

Assets of the State Oil Fund of Azerbaijan (SOFAZ) in the first quarter of 2019 increased by 4.56% to $ 40 billion 273.3 million, the…

Revenues of Oil Fund in 2018 to be 42% higher than forecasted figures

The Supervisory Board of the State Oil Fund of Azerbaijan (SOFAZ) at a meeting on Friday considered the draft budget execution for the Fund in…

SOFAZ announces revenue and expenditure statement for January-March 2018

Budget revenues of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) for the period of January-March, 2018 reached 4 424.2 million manats, while…

SOFAZ sold $647mn during March

State Oil Fund of the Republic of Azerbaijan (SOFAZ) sold USD 647 million during March, 2018. SOFAZ sold USD 1 310.2 million during January-March 2018. Oilfund.az

About 92% of revenues of Oil Fund depends on activities of ACG

According to the results of 2017, the State Oil Fund of the Republic of Azerbaijan (SOFAZ) received $ 6.41 billion from the sale of the…

Oil Fund has over 47% of funds placed in US Dollars

The Oil Fund of Azerbaijan still prefers to place most of its assets in US dollars, the data of SOFAZ says. “As of December 31,…

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