State Oil Fund of Azerbaijan invests nearly 35 mln euro in Italian company
The State Oil Fund of Azerbaijan (SOFAZ) has invested 34.5 million euro in Italy's leading high-speed railway operator "Italo". …
SOFAZ
Azerbaijan's Azeri-Chirag-Gunashli generates nearly $137 in revenue
In the eight years between early 2001 and November 1, 2018, the State Oil Fund of Azerbaijan (SOFAZ) received $136.782 billion as part of the project to develop the Azeri-Chirag-Gunashli (ACG) block of oil and gas fields in the Azerbaijani …
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
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
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
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 …
Turkish PM: BTK railway project to be completed in 2016
The Baku-Tbilisi-Kars (BTK) railway project will be completed in 2016, Turkish Prime Minister Binali Yildirim told reporters in Baku on June 3rd, Trend reports. …
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 …
Azerbaijan allocates nearly $590 million for construction of Baku-Tbilisi-Kars railway in Georgia
The State Oil Fund of Azerbaijan (SOFAZ) has allocated 588.2 million dollars (as of January 1st 2016) for the construction of the Baku-Tbilisi-Kars railway (BTK), a message posted on the SOFAZ website says. According to the agreement, …
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 ...
State Oil Fund of Azerbaijani sells 300 million dollars to country's banks
Over the last few days, the State Oil Fund of Azerbaijan (SOFAZ) has sold 300 million dollars to the banks of the country at special auctions. It is reported that the Central Bank of Azerbaijan arranges special auctions three times a …
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
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
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 …