Assets of SOFAZ near $67B

The assets of the State Oil Fund of Azerbaijan (SOFAZ) amounted to $66.5 billion as of July 1, 2025, marking an increase of 10.8% compared to January 1st, Report informs citing the SOFAZ.

In the first half of this year, the fund's revenues totaled 8.83 billion manats ($5.19 billion), while its expenditures amounted to 7.28 billion manats ($4.28 billion).

In the first six months, the fund generated income of 5.74 billion manats from oil and gas agreements, including 4.97 billion manats from the sale of profitable oil and gas, 3.6 million manats from acreage payments, and 765.3 million manats from bonus payments and transit revenues. Of these, 4.43 billion manats came from the Azeri-Chirag-Gunashli fields, and 423.3 million manats from the Shah Deniz field. Income from managing the fund’s assets amounted to 3.09 billion manats.

During the specified period, SOFAZ transferred 7.24 billion manats to the state budget (having sold assets worth $3.72 billion through auctions with the involvement of the Central Bank of Azerbaijan). The fund also allocated 4.2 million manats to finance the "State Program to Enhance the International Competitiveness of the Higher Education System for 2019-2023," 20.1 million manats for the "State Program to Train Youth in Prestigious Foreign Universities for 2022-2028," and 13.8 million manats for management purposes.

Non-budgetary income from the fund due to currency exchange rate fluctuations amounted to 9.47 billion manats. The increase in assets was driven by income from asset management, including non-budgetary income.

($1 = 1.70 AZN on July 23