Search for SOFAZ

21.05.2014 Azerbaijan’s oil fund assets exceed $36 billion

The budget revenues of the State Oil Fund of Azerbaijan (SOFAZ) for the period of January-March, 2014 reached 3,005.0 million manats, while budget expenditures constituted 2,443.3 million manats, according to a message from the SOFAZ, Trend reported on May 20.

17.04.2014 Azerbaijan’s SOFAZ invests over 50mn euros in Romania

Azerbaijan's state energy company SOCAR has international experience in implementation of large-scale projects which can contribute to achieving common European targets in the energy field, SOCAR Head Rovnag Abdullayev said during his visit to Romania which took place on

26.02.2014 Azerbaijan sets up firm to manage Shah Deniz projects, pipelines

Azerbaijani President Ilham Aliyev has signed a decree on February 25 establishing a closed joint-stock company (CJSC) for effective management of projects within the second phase of Shah Deniz gas and condensate field's development, expansion of the South Caucasus Pipel

20.12.2013 Azerbaijan State Oil Fund Investments to Exceed USD 34 Billion in 2014

The projected total cost (the average amount) of the investment portfolio of the State Oil Fund of Azerbaijan (SOFAZ) for 2014 was set at 27 billion mantas, Trend reported on December 20.