Baku:The State Oil Fund of the Republic of Azerbaijan (SOFAZ) has made significant contributions to the state budget, transferring a total of AZN 180 billion 40.9 million as of September 30, 2026. This notable transfer underscores SOFAZ’s role in supporting the national economy.
According to Azeri-Press news agency, during the January to September 2026 period, SOFAZ contributed AZN 9 billion 628 million to the state budget. This transfer forms part of the implementation of SOFAZ’s budget for the year.
Additionally, as of September 30, SOFAZ’s assets were reported to be $74.004 billion, equivalent to AZN 125.807 billion. The Fund, established on December 29, 1999, is tasked with the accumulation, management, and preservation of oil and gas revenues for future generations. Operating as a separate extra-budgetary state institution, SOFAZ adheres to principles of transparency and has achieved a high level of institutional development, gaining international recognition as a financial institution.