Oil & gas savings fund

Azerbaijan State Oil Fund

The main goal of its establishment is to accumulate and efficiently manage oil revenues. Its stated objectives are preserving macroeconomic stability, ensuring fiscal-tax discipline, decreasing dependence on oil revenues and stimulating development of the non-oil sector; ensuring inter-generational equality with regard to the country's oil wealth; and financing major national scale projects to support socio-economic progress. It is a member of the International Forum of Sovereign Wealth Funds and reports against the Santiago Principles.

Confirmed 25 August 2026

Type
Oil & gas savings fund
Funding
Commodity (oil & gas)
Established
1999
Assets
USD ~57 billion (SOFAZ, 2024 reports)
Based in
Baku, Azerbaijan
Region
Asia Pacific
Investment focus
Fixed income, Equities, Real estate, Gold
Sector interests
Diversified globally, Real estate (London, Paris, Tokyo, Seoul)
Style
Conservative, Inter-generational, External + internal
Public profile
High

Focus, sectors and style are compiled from public sources and industry listings, not confirmed with the fund.

Visit oilfund.az

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