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In January-November 2024, the State Oil Fund of Azerbaijan (SOFAZ) carried out currency sales amounting to $6.494 billion, 2.55 times more compared to the same period last year, Report informs, citing the SOFAZ.

In January-November 2024, currency auctions held jointly by the Central Bank of Azerbaijan (CBA) and the State Oil Fund (SOFAZ) resulted in sales of nearly $6.604 billion, Report informs, citing the CBA.

The State Oil Fund of Azerbaijan (SOFAZ) received more than $5.334 billion in revenues from the Azeri-Chirag-Gunashli block of fields in the Azerbaijani sector of the Caspian Sea in the first ten months of 2024, Report informs, citing the fund.

A delegation led by Israfil Mammadov, Executive Director of the State Oil Fund of the Republic of Azerbaijan (SOFAZ), is participating in the 16th Annual Meeting of the International Forum of Sovereign Wealth Funds (IFSWF) held in Muscat, the capital of the Sultanate of Oman.

In January-October of 2024, the State Oil Fund (SOFAZ) carried out currency sales amounting to nearly $5.92 billion, up 2.6 times year-on-year, Report informs, citing SOFAZ. In October alone, SOFAZ's currency sales amounted to $174.4 million, which is 13.9% less than in October of last year.

In January-October 2024, currency auctions held jointly by the Central Bank of Azerbaijan (CBA) and the State Oil Fund (SOFAZ) resulted in sales of over $6.116 billion, Report informs, citing the CBA. According to the bank, this is 2.15 times more compared to the same period last year.

The State Oil Fund of Azerbaijan (SOFAZ) has signed a Memorandum of Understanding with Saudi Arabia's Hassana Investment Company to explore investment opportunities in Saudi Arabia, Report informs.

As of October 1 this year, the assets of the State Oil Fund of Azerbaijan (SOFAZ) increased by 10% compared to the beginning of the year, to around $62 billion.

A delegation led by Israfil Mammadov, Executive Director of the State Oil Fund of Azerbaijan (SOFAZ), paid a working visit to Italy to explore investment opportunities aimed at strengthening the long-term partnership between the two countries, Report informs.

"The financing of additional expenses will be provided by increasing the transfer from the State Oil Fund of Azerbaijan to the state budget by 1.7 billion manats," the ministry said.