Azerbaijani State Oil Fund reports decline in net profit

Azerbaijani State Oil Fund reports decline in net profit
ôîòî ïîêàçàíî ñ : trend.az

2025-7-22 21:52

The State Oil Fund of Azerbaijan (SOFAZ) earned a net profit of 7. 8 billion manat ($4. 6 billion) in 2024. This marked a decrease of 245 million manat ($144 million) compared to the previous year’s profit of 8.

1 billion manat ($4. 77 billion). Major revenues included 3. 38 billion manat ($2 billion) from gold, 3. 2 billion manat ($1. 89 billion) from equities, and 680 million manat ($400 million) from bonds. .

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