Gold's share in SOFAZ assets climbs to 37.9%

As of January 1 this year, the State Oil Fund of Azerbaijan (SOFAZ) had 47.707 billion manats ($28.06 billion) invested in gold bullion.

According to Report, citing the Fund's financial statements, this was 2.3 times higher than on January 1, 2025.

Over the year, the share of gold bullion in the Oil Fund's assets increased from 20.5% to 37.9%.

SOFAZ was established by a decree of the President of Azerbaijan dated December 29, 1999.

The Fund's main objective is to ensure the accumulation and efficient management of revenues and other funds generated from the exploration and development of Azerbaijan's share of oil and gas resources, as well as from its own activities, in the interests of the country's present and future generations.