16:41 - 22.10.2025

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October 22, Fineko/abc.az. Over the past 10 years, the revenues generated as a result of the investment activities of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) have exceeded $15 bn. Currently, SOFAZ's overall assets exceed $70 bn.

ABC.AZ informs that deputy executive director of SOCAR Azerbaijan Bahruz Bahramov made this statement during his speech at the scientific & practical conference on the theme "Economic Foundations of State Sovereignty & Economic Independence" devoted to the Year of the Constitution & Sovereignty.

He added that SOFAZ finances account for nearly 90% of country's GDP, and this figure exceeds the national debt 13-fold.

"SOFAZ's stable and sustainable investment policy plays an important role in maintaining the country's financial stability," Bahramov emphasized.