State Oil Fund of Azerbaijan

Azerbaijan US$ 37.3 Billion Origin: Oil

Profile Directories

Sovereign Wealth Funds

Public Funds

Established: 1999
Transparency Rating: 10
View Sovereign Fund Transaction Data
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Firm Investment Style: Mostly Portfolio
Entity Structure: Fund
Population Est.: 9.4 million – 2013
Wealth Per Capita Est.: $3,894

Fund Details

Strategy & Objectives

SWF Asset Allocation

Fixed Income Managers

Equity Managers

Alternative Managers

Key Executives and People


Main Office

24 Neftchilar Avenue, Dalga Plaza
Baku, Republic of Azerbaijan, AZ1000
Tel: (+99412) 498 77 53

Governance

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State Oil Fund of Azerbaijan

Summary

The State Oil Fund of the Republic of Azerbaijan (SOFAZ) is a sovereign wealth fund located in Azerbaijan.

Background on SOFAZ

Located in the port city of Baku, the State Oil Fund of the Republic of Azerbaijan (SOFAZ) was established in December 29, 1999 in accordance with the Decree of Heydar Aliyev, the former President of the Republic of Azerbaijan. The main responsibility of SOFAZ is to manage foreign currency and assets generated from oil and gas exploration and development. Statutory regulations were approved for the fund by President Heydar Aliyev exactly one year after establishment. The fund’s purpose is for the benefit of future generations, while improving the current economic well-being of its populace.