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Tag: SOFAZ

In 2022, the Oil Fund received $11.6 billion from the sale of Azerbaijani oil and gas

The assets of the State Oil Fund of the Republic of Azerbaijan (SOFAR) in 2022 increased by 8.9% – up to $49 billion 33.6 million…

SOFAZ denies acquiring share in Latvian gas trader

Azerbaijan’s State Oil Fund (SOFAZ) doesn’t plan direct investments in the shares of any company, the Fund said in response to Trend’s question about the possibility…

In January-August 2022 net profit of Azerbaijan from “Shah Deniz” totaled about $1.15 bn

In January-August 2022, revenues to the State Oil Fund of Azerbaijan (SOFAZ) from the implementation of the “Shah Deniz” gas project amounted to $1 148…

Azerbaijan has earned over $1 billion from the “Shah Deniz” project in seven months

The State Oil Fund of Azerbaijan (SOFAZ) reported that in January-July this year, the profit received by the state within the framework of the “Shah…

SOFAZ’s revenues from the sale of profitable oil from ACG doubled

Revenues to the State Oil Fund of Azerbaijan (SOFAR) from the sale of profitable oil and gas from the Azeri-Chirag-Guneshli (ACG) block in January-April 2022…

Azerbaijani Oil Fund announces revenue from two major offshore deposits

The State Oil Fund of Azerbaijan (SOFAZ) has announced revenue from the Azeri-Chirag-Guneshli (ACG) and Shah Deniz offshore fields in the Azerbaijani sector of the…

Azerbaijan Oil Fund revenues from ACG and Shah Deniz blocks collapsed

Income to the State Oil Fund of Azerbaijan (SOFAZ) from the sale of profitable oil from the Azeri-Chirag-Guneshli (ACG) block and condensate from the Shah…

SOFAZ reveals revenues from ACG and Shah Deniz fields

The State Oil Fund of Azerbaijan (SOFAZ) has announced revenues from the Azeri-Chirag-Guneshli (ACG) and Shah Deniz fields in the Azerbaijani sector of the Caspian…

Oil Fund of Azerbaijan Purchased 17.9 Thousand Ounces of Locally Produced Gold in 2020

AzerGold CJSC sold 17.9 thousand ounces of pure gold to the State Oil Fund of Azerbaijan (SOFAZ) in 2020, the press secretary of the society…

Azerbaijan Did Not Receive Gas Revenues from Giant Shah Deniz Project in January 2021

According to the results of the first month of 2021, the state did not receive profitable gas from the giant Shah Deniz project The total…

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…

Income of Oil Fund from ACG Project Noticeably Decreased

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 Shah Deniz…

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…

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,…

SOFAZ received more than $650mn from ACG in January

In January 2018, revenues to the State Oil Fund of Azerbaijan (SOFAZ) within the framework of the Azeri-Chirag-Gunashli (ACG) block amounted to $ 651.6 million….

Oil Fund dramatically reduced sale of foreign currency in January 2018

In January 2018, the State Oil Fund of Azerbaijan (SOFAZ) sold foreign currency for a total of $ 299.1 million from foreign exchange auctions, the…

SOFAZ received the first bonus payment from Azeri-Chirag-Gunashli Agreement

The State Oil Fund of the Republic of Azerbaijan (SOFAZ) received the first bonus payment in the amount of USD 450 million from the new…

Azerbaijan to earn $429 mln from ‘Shah Deniz’ gas sale in 2018

As forecasted, in 2018, the State Oil Fund of Azerbaijan Republic (SOFAZ) will receive $ 428.9 mln from sale of profit oil of Azerbaijani’s share…

Azerbaijan gets first bonus on new ACG agreement in late January

Foreign investors on the new agreement on the “Azeri-Chirag-Gunashli” fields block in the Azerbaijani sector of the Caspian Sea will pay the first part of the bonus amount…

SOFAZ 2018 budget approved

Ilham Aliyev, the President of the Republic of Azerbaijan signed on December 28, 2017 the Decree approving budget of the State Oil Fund of the Republic of Azerbaijan…

SOFAZ Supervisory Board holds its meeting

A meeting of the Supervisory Board of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) was held on December 25. SOFAZ’s draft budget…

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