Baku: The primary objective of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) is to safeguard and augment the nation’s oil and gas revenues for the benefit of both current and future generations. This was articulated by Rovshan Javadov, Deputy Executive Director of SOFAZ, during the 1st Azerbaijan International Investment Forum.
According to Azeri-Press News Agency, Javadov emphasized that SOFAZ’s investment portfolio is both global and diversified, highlighting that the fund is restricted from investing domestically within Azerbaijan. Javadov further elaborated on the fund’s contribution to the nation’s development, underscoring two main principles: ensuring fiscal and macroeconomic stability, and bolstering investor confidence in Azerbaijan through leveraging international relations and credibility.