BAKU, Azerbaijan, July 23. The State Oil Fund of Azerbaijan (SOFAZ) sold $3.72 billion through auctions conducted via the Central Bank of Azerbaijan during the first half of 2025.
The data obtained by Trend from SOFAZ shows that this figure rose by $294.7 million or 8.6 percent compared to the same period last year ($3.42 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.
