Search keyword: the State Oil Fund

- $9.96 billion (-1.97%), and the State Oil Fund of Ukraine - $62.222 billion (+1.02%).

In addition, the State Oil Fund has earned more than $7.7 billion in revenue from the Shah Deniz project by the end of 2024," he wrote. The agreement on exploration, development and production sharing of the prospective area Shah Deniz was signed on June 4, 1996.

A Memorandum of Understanding (MoU) was signed in Beijing between the State Oil Fund of Azerbaijan (SOFAZ) and China Investment Corporation, Report informs.

Executive Director of the State Oil Fund of Azerbaijan Israfil Mammadov and Chairman and CEO of the China Investment Corporation Zhang Qingsong signed the “Memorandum of Understanding between the State Oil Fund of the Republic of Azerbaijan and the China Investment Corporation.”

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).