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SOFAZ’s assets exceed Azerbaijan’s external public debt by 13 times

22 October 2025 13:43 (UTC +04:00)

Over the past 10 years, the investment income of the State Oil Fund of Azerbaijan (SOFAZ) has exceeded 15 billion US dollars, APA-Economics reports.

Deputy Executive Director of SOFAZ, Bahruz Bahramov, said this at the scientific-practical conference on “Economic foundations of state sovereignty and economic independence” dedicated to the “Year of Constitution and Sovereignty” organized by the Milli Majlis Committee on Economic Policy, Industry, and Entrepreneurship.

Bahramov noted that the Fund, which began operations with 270 million US dollars, now has assets exceeding 70 billion US dollars: “The Fund’s assets have surpassed 90% of GDP and exceed the country’s external public debt by 13 times.”

Shukran Mammadov

SOFAZ State Oil Fund of Azerbaijan Bahruz Bahramov Azerbaijan economy investment income state budget GDP external debt economic independence APA-Economics