State Oil Fund of Azerbaijan

State Oil Fund of the Republic of Azerbaijan
Azərbaycan Respublikasının Dövlət Neft Fondu
AbbreviationSOFAZ
EstablishedDecember 29, 1999 (1999-12-29)
TypeSovereign wealth fund
HeadquartersNizami, Baku, Azerbaijan
Executive Director
Israfil Mammadov
AwardsUnited Nations Public Service Awards
EITI Award
Websitewww.oilfund.az

The State Oil Fund of the Republic of Azerbaijan (Azerbaijani: Azərbaycan Respublikasının Dövlət Neft Fondu), also known by its abbreviation SOFAZ, is a sovereign wealth fund of Azerbaijan founded in December 1999.

Nearly all the fund's revenues come from Azerbaijan's oil and gas exports. SOFAZ invests internationally and holds assets in more than 60 countries, including listed securities as well as infrastructure and renewable energy projects.

The fund has been criticized for its lack of transparency and for enriching Azerbaijan's political elites.

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