The share of shares of companies in the assets of the Oil Fund of Azerbaijan exceeded 21%
The State Oil Fund of Azerbaijan (SOFAZ) still prefers to place the bulk of assets in US dollars, the share of assets in US currency…
Assets of the Oil Fund of Azerbaijan exceeded $45 billion
For 2021, the budget revenues of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) amounted to 15,985.6 million manats ($9,403 million), and budget…
Gas revenues of the oil fund from the Shah Deniz project increased by 8.3 times
Proceeds to the State Oil Fund of Azerbaijan (SOFAZ) from the sale of profitable hydrocarbons from the Azeri-Chirag-Guneshli (ACG) bloc and the Shah Deniz field…
Energy Prices Rising, Azerbaijan’s Oil, Gas Revenues Continue to Decline
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…
Almost 85% of Azerbaijan’s Gold, Foreign Exchange Reserves Fall on Oil Fund’s Assets
The gold and foreign exchange reserves of Azerbaijan in January 2021 reached $ 51.4 billion, said the chairman of the CBA Elman Rustamov “In January…
Azerbaijan Oil Fund Assets Grew by $ 241 Million in 2020
The assets of the State Oil Fund of Azerbaijan (SOFAZ) in 2020 increased by 0.56% or by $ 241 million – to $ 43 billion…
Deficit of Azerbaijan’s Oil Fund in January-September Reaches $ 1.44 Billion
The assets of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) at the end of September 2020 amounted to $ 43 billion 288.6…
SOFAZ to Spend $437 mln on Construction of Oil Refinery
On October 4, Azerbaijani President Ilham Aliyev approved changes in the budget of the State Oil Fund (SOFAZ) of Azerbaijan for 2017. According to the…
New advisor of CEO appointed in Azerbaijan’s State Oil Fund
Nargiz Nasrullayeva-Muduroglu has been appointed as Advisor of CEO of the State Oil Fund of the Republic of Azerbaijan (SOFAZ), SOFAZ said June 12. Prior…
Net Profit of Azerbaijan within Framework of ACG Grows by More Than 42%
For the first quarter of 2017, the revenues of the State Oil Fund of Azerbaijan (SOFAZ) within the Azeri-Chirag-Guneshli (ACG) project amounted to $ 1…