WNAM REPORT: The State Oil Fund of Azerbaijan (SOFAZ) has reported a significant surge in its revenues. Speaking at the Annual General Meeting dedicated to SOFAZ’s 25th anniversary, the Executive Director of the Fund, Israfil Mammadov, highlighted that the revenues generated from the management of the Fund’s assets have now surpassed $15 billion. To put this into perspective, Mammadov added that the current assets of SOFAZ have exceeded $60 billion, accounting for approximately 80% of Azerbaijan’s economy.
Azerbaijan, Pakistan discuss strengthening energy sector ties
WNAM REPORT: Azerbaijan and Pakistan held discussions on enhancing bilateral relations in the energy sector. As per reports that Azerbaijani Energy...
