SOFAZ Assets Stand at $72.6 Billion as of July 1

Baku: As of July 1 this year, the assets of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) amounted to USD 72.596 billion (AZN 123.414 billion), APA-Economics reports.

According to Azeri-Press news agency, this figure is 1.29% lower compar…

SOFAZ Suspends Gold Sales

Baku: The State Oil Fund of the Republic of Azerbaijan (SOFAZ) suspended gold sales in the second quarter of this year, the Fund said, APA-Economics reports.

According to Azeri-Press news agency, SOFAZ’s gold reserves stood at 178.1 tonnes. As of Ju…

SOFAZ Suspends Gold Sales

Baku: The State Oil Fund of the Republic of Azerbaijan (SOFAZ) suspended gold sales in the second quarter of this year, the Fund said, APA-Economics reports.

According to Azeri-Press news agency, SOFAZ’s gold reserves stood at 178.1 tonnes. As of Ju…

Azerbaijan Revises Legislation on IDP Status

Baku: Another case has been identified regarding the legislative regulation of internally displaced person (IDP) status, APA reports. The recent amendments to the Law “On the Status of Refugees and Internally Displaced Persons (Persons Displaced Withi…

SOFAZ’s Revenues from ACG Field Approach AZN 4.4 Billion

Baku: In January-June 2026, revenues from the Azeri-Chirag-Gunashli (ACG) field to the State Oil Fund of the Republic of Azerbaijan (SOFAZ) amounted to AZN 4.3749 billion. According to Azeri-Press news agency, this represents a decrease of AZN 52.4 mi…

Azerbaijan Implements Phased Social Support Model for IDPs

Baku: Social support mechanisms for internally displaced persons (IDPs) in Azerbaijan are being gradually transitioned to a new model, APA reports. This change is reflected in the amendments to the Law “On the Social Protection of Internally Displaced…

Azerbaijan Implements Phased Social Support Model for IDPs

Baku: Social support mechanisms for internally displaced persons (IDPs) in Azerbaijan are being gradually transitioned to a new model, APA reports. This change is reflected in the amendments to the Law “On the Social Protection of Internally Displaced…