SOFAZ Assets Surpass $70 Billion, Reinforcing Azerbaijan's Economic Stability

2025-10-23 05:06:26

(MENAFN- AzerNews)

The State Oil Fund of Azerbaijan (SOFAZ), which began its operations with an initial capital of $270 million, has grown into one of the country's most significant financial pillars, now holding assets exceeding $70 billion -a level regarded as a strategic reserve for the national economy, Azernews reports. As reported by Azernews, citing the Deputy Executive Director of the company, it played an important role in ensuring fiscal and macroeconomic stability, accounting for 50–60 per cent of the state budget revenues in the early years of economic development, and about...

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