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Azerbaijan State Oil Fund's Revenues Reach $207 Billion

Azerbaijan State Oil Fund's Revenues Reach $207 Billion

06 Mar, 12:38 2025
Economics

Since its establishment, Azerbaijan’s State Oil Fund (SOFAZ) has generated a total of $207.3 billion in revenues, according to Vadim Pshenichny, the Director of SOFAZ's Risk Management Department.

Pshenichny announced this at a media briefing on investment results for 2024 and prospects for 2025, The Caspian Post 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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Azerbaijan State Oil Fund's Revenues Reach $207 Billion

Since its establishment, Azerbaijan’s State Oil Fund (SOFAZ) has generated a total of $207.3 billion in revenues, according to Vadim Pshenichny, the Director of SOFAZ's Risk Management Department.