BAKU, Azerbaijan, April 17. The assets of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) amounted to $62.7 billion as of the end of the first quarter of 2025.
Data obtained by Trend from the SOFAZ indicates that this figure is $2.7 billion, or 4.5 percent higher compared to the end of 2024 ($60 billion).
Established in 1999 with assets amounting to $271 million at the time, SOFAZ is an extrabudgetary fund that operates as a distinct legal entity, independent of the government or central bank. SOFAZ protects and judiciously administers energy-derived revenues for current and forthcoming generations. A fundamental principle of SOFAZ is transparency. During this era, the Fund has evolved institutionally and attained international recognition as an asset management organization.
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