Baku: As of September 30, 2025, the State Oil Fund of the Republic of Azerbaijan (SOFAZ) has transferred a total of 166,792.7 million manats to the state budget, APA-Economics reports, citing the State Oil Fund.

According to Azeri-Press News Agency, during the first nine months of 2025, SOFAZ transferred 10,860.8 million manats to the state budget as part of the execution of its 2025 budget. As of the end of September, SOFAZ’s assets reached USD 70,161.7 million, marking a 16.9% increase compared to the beginning of 2025, when assets stood at USD 60,031.4 million.

SOFAZ was established on December 29, 1999, as a special institution tasked with accumulating revenues from oil and gas, managing them efficiently, and preserving them for future generations. It operates as an off-budget, separate state institution, with transparency being a key principle of its operations. Over the years, SOFAZ has developed into an internationally recognized financial organization.