Azerbaijan State Oil Fund’s revenues hit $207 billion
Azerbaijan’s State Oil Fund (SOFAZ). Photo: AZERTAC
The total revenues of Azerbaijan’s State Oil Fund (SOFAZ) have reached $207.3 billion since its establishment, according to Vadim Pshenichny, Director of SOFAZ's Risk Management Department.
Pshenichny announced this at a media briefing on investment results for 2024 and prospects for 2025, News.Az reports, citing local media.
He highlighted that $192.4 billion (92.8%) of the total revenues came from oil and gas agreements, while investment income contributed $14.9 billion (7.2%).
Pshenichny stressed that the fund’s total expenditures during this period amounted to $147.3 billion.
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