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As of April 1, 2025, 25.8% of the investment portfolio of the State Oil Fund of Azerbaijan (SOFAZ) was allocated to gold, Report informs, citing the fund. In the same period last year, this figure was 13.2%. Thus, the share of gold in the portfolio has increased by almost 2 times.
As of April 1, 2025, 46.5% of the bond and money market instruments in the investment portfolio of the State Oil Fund of Azerbaijan (SOFAZ) were rated "AAA." Report informs via SOFAZ that this marks a decrease of 19.9 percentage points compared to April 1, 2024.
In the first quarter of 2025, the State Oil Fund of Azerbaijan (SOFAZ) earned $107.028 million in revenue from the Shah Deniz field, located in the Azerbaijani sector of the Caspian Sea, the SOFAZ told Report.
According to the IMF's forecasts, the foreign exchange reserves of the Central Bank of Azerbaijan (CBA) will amount to 10.76 billion (a decrease of 1.82% over the year), and the assets of the State Oil Fund of Azerbaijan (SOFAZ) will amount to 60.91 billion (an increase of 1.47%).
During the first quarter of 2025, the State Oil Fund of Azerbaijan (SOFAZ) transferred over 3.62 billion manats (approximately $2.13 billion) to the state budget, fully meeting its quarterly commitment, Report informs, citing Azerbaijan’s Ministry of Finance.
Report informs referring to the forum that the country is represented at the event by Bahruz Bahramov, Deputy Executive Director of the State Oil Fund of Azerbaijan (SOFAZ). The forum was organized by the Fonds Souverain de Djibouti (Sovereign Wealth Fund of Djibouti).
The volume of gold in the assets of the State Oil Fund of Azerbaijan (SOFAZ) is expected to increase to 170 tons in April-May 2025, SOFAZ Investment Department Director Farhad Zeynalov said at a media briefing on investment results for 2024 and prospects for 2025, according to Report.
From 2025, the investment portfolio structure of the State Oil Fund of Azerbaijan (SOFAZ) has been changed, Toghrul Rahimbayli, head of the Asset Allocation, Risk and Performance at SOFAZ Risk Management Department, said at a media briefing on investment results for 2024 and prospects for 2025, Report
Since the creation of the investment portfolio of the State Oil Fund of Azerbaijan (SOFAZ) and as of December 31, 2024, the average annual return on real estate investments was 2.9%, with a profit of $1 billion, Farhad Zeynalov, Director of the Investment Department at SOFAZ, said during a media briefing
The total income of the State Oil Fund of Azerbaijan (SOFAZ) from financial asset management in 2015-2024 amounted to $7.2 billion, Toghrul Rahimbayli, head of Asset Allocation, Risk and Performance at SOFAZ Risk Management Department, said at a media briefing on investment results for 2024 and prospects