Baku:The State Oil Fund of the Republic of Azerbaijan (SOFAZ) has reportedly earned approximately $4.6 billion in net revenues from the sale of state-owned hydrocarbons as of October 15, 2026.

According to Azeri-Press news agency, SOFAZ projects net revenues of $5.03 billion (AZN 8.55 billion) from these sales for the entire year of 2026. Currently, the annual target for this revenue indicator has been achieved by 91%, equivalent to about $4.6 billion, or AZN 7.8 billion.

SOFAZ explained that the net revenues are determined based on actual sales prices, with relevant sales expenses deducted, and correspond to the state's profit share from hydrocarbon sales.