SOFAZ Reports 17% Increase in Assets

Baku: The State Oil Fund of the Republic of Azerbaijan (SOFAZ) reported a significant increase in its assets as of September 30, 2025. The fund’s assets reached 70.1617 billion US dollars, marking a 16.9% rise compared to the beginning of the year when assets were valued at 60.0314 billion US dollars.

According to Azeri-Press News Agency, SOFAZ attributed the increase in its extra-budgetary income to the fluctuations in exchange rates, which contributed 15,066.1 million manats during the reporting period. This financial performance underscores the impact of currency exchange variations on the fund’s revenue.