Baku 23° C
Assets of SOFAZ approach $74 billion
Finance
- 27 January, 2026
- 10:59
As of January 1, 2026, the assets of the State Oil Fund of Azerbaijan (SOFAZ) amounted to just over $73.541 billion, representing a 22.5% increase year-on-year, Report informs, citing the SOFAZ.
Last year, SOFAZ's budget revenues exceeded 17.16 billion manats (approximately $10.1 billion), while budget expenditures reached almost 14.63 billion manats (just over $8.6 billion).
Author
Latest News
17:55
US may resume attacks on Iran soon, Iranian military says
Region17:48
Azerbaijani Foreign Ministry expresses condolences to Pakistan
Foreign policy17:30
Qatar's Foreign Ministry strongly condemns Houthi attacks on Riyadh
Other countries17:10
Photo
TURKSOY-initiated fine arts symposium, exhibition held in Azerbaijan's Khankandi
Cultural policy16:50
Trump makes attempts to resolve conflict in Ukraine - US envoy to UN
Other countries16:30
Ukrainian Embassy congratulates Azerbaijan on State Sovereignty Day
Foreign policy16:10
Iran will keep Strait of Hormuz closed until US accepts its terms - parliamentary speaker
Region15:50
French diesel prices hit fresh record amid global supply disruption
Other countries15:31
Photo