SOFAZ

SOFAZ to transfer $4 billion to Azerbaijani Central Bank

SOFAZ to transfer $4 billion to Azerbaijani Central Bank

Azerbaijan will transfer as much as 7.5 billion manat ($4 billion) of assets from its sovereign wealth fund to the central bank this year, giving it ammunition to defend the manat in the latest effort to break the grip of a currency crisis. …

SOFAZ fails to sell $72mln on market

SOFAZ fails to sell $72mln on market

The State Oil Fund of Azerbaijan (SOFAZ) has sold $78 million to 22 local banks on foreign exchange market today, fully meeting demand, the fund said. It had offered $150 million at the Wednesday auction. SOFAZ sold $200 million at …

Azerbaijan’s State Oil Fund sells $50M to local banks

Azerbaijan’s State Oil Fund sells $50M to local banks

The State Oil Fund of Azerbaijan (SOFAZ) sold $50 million to 30 banks through an auction held by the Central Bank of Azerbaijan (CBA) Sept. 6, SOFAZ said in a message, Trend reports. SOFAZ will continue to sell foreign currency through …

Azerbaijan’s SOFAZ makes almost $120B from largest oil project

Azerbaijan’s SOFAZ makes almost $120B from largest oil project

Revenues of the State Oil Fund of Azerbaijan (SOFAZ) from the project for development of the Azeri-Chirag-Gunashli (ACG) block of fields totaled $119.314 billion from early 2001 to July 1, 2016, SOFAZ told Trend. SOFAZ said its revenues …

Assets of SOFAZ on the rise again

Assets of SOFAZ on the rise again

The assets of the State Oil Fund of Azerbaijan (SOFAZ) for Jan-Mar 2016 have increased by 2% and as of April 1st 2016 and reached $34.246 billion against $33.57 billion by January 1st 2016, abc.az …

SOFAZ remains second largest shareholder of VTB

SOFAZ remains second largest shareholder of VTB

VTB has released data on its shareholders as of January 25th 2016. According to the daya, the Federal Property Management Agency has the largest package – 60.9%. Its share remained unchanged from the date of publication of the ...

SOFAZ approves budget for next year

SOFAZ approves budget for next year

Azerbaijani President Ilham Aliyev has signed a decree that approved the budget of the State Oil Fund of the Republic for the next year. According to the document, revenues of SOFAZ in 2016 are planned at 6,711,564.1 …

Azerbaijan earns $116 by Azeri-Chirag-Guneshli project

Azerbaijan earns $116 by Azeri-Chirag-Guneshli project

The revenues of the State Oil Fund of Azerbaijan (SOFAZ) from the project for developing the Azeri-Chirag-Guneshli block of oil and gas fields in the Azerbaijani sector of the Caspian Sea totaled $116.01 billion from 2001 to November 2015. …

SOFAZ doesn't plan to increase gold reserves

SOFAZ doesn't plan to increase gold reserves

At the present time, the gold reserves of SOFAZ are estimated at 30 175 kg, or about 3.5% of its total assets, and therefore their further extension isn’t planned. "In accordance with …