SOFAZ discloses total transfers to Azerbaijan's state budget to date

The State Oil Fund of Azerbaijan (SOFAZ) has transferred over $140 billion to the state budget to date, contributing to the financing of infrastructure, social, and other public projects, Rovshan Javadov, Deputy Executive Director of SOFAZ, stated on the second day of the 1st Azerbaijan International Investment Forum (AIIF-2025) held in Baku, Report informs.

"We also directly finance strategic projects. These include the Baku–Tbilisi–Kars railway, the Baku–Tbilisi–Ceyhan main export pipeline, major irrigation initiatives, housing construction for internally displaced persons, and education programs. Supporting Azerbaijani students studying abroad is also among the SOFAZ's priorities," he said.

Javadov added that SOFAZ is one of the world's most transparent institutions and currently manages assets exceeding $60 billion: "We partner with leading international financial institutions such as BlackRock and Blackstone. Through these collaborations, we facilitate the transfer of knowledge, technology, and joint investments into the national economy."

He also highlighted the SOFAZ's "boomerang model" approach: "If an international company wishes to implement a project in Azerbaijan, and it is commercially viable, we may invest in that company's overseas projects as well. This expands our global portfolio and strengthens long-term interest from foreign investors in Azerbaijan."

Javadov emphasized that while SOFAZ is not a direct party to public-private partnerships (PPPs), it plays a central role in fostering private sector development and enhancing the investment climate.