16:16 - 18.07.2024

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July 18, Fineko/abc.az. The State Oil Fund of Azerbaijan (SOFAZ) completed 2023 with net profit of 8.1 billion manats.

ABC.AZ reports with reference to SOFAZ's audit report, the Fund ended 2022 with net loss of 5.24 billion manats.

As of January 1, 2024, SOFAZ assets amounted to 95.77 billion manats (13.9% more than a year earlier).

SOFAZ liabilities decreased by 27.1% to 457.629 million manats, and the balance sheet capital increased by 14.2% up to 95.313 billion.