12:47 - 23.09.2025

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September 23, Fineko/abc.az. The transfers of the State Oil Fund of Azerbaijan (SOFAZ) have exceeded $140 billion to date.

ABC.AZ infoms that SOFAZ deputy executive director Rovshan Javadov stated about this at the first Azerbaijan International Investment Forum (AIIF-2025) in Baku.

"We also directly finance strategic projects such as the Baku-Tbilisi-Kars railway line, the Baku–Tbilisi–Ceyhan main export pipeline, major irrigation projects, housing construction for internally displaced persons, and educational programs. Supporting Azerbaijani students studying abroad is also one of the Foundation's priorities," he said.

Javadov added that SOFAZ is one of the most transparent organizations in the world with assets of over $60 billion: "We cooperate with leading international financial institutions such as BlackRock and Blackstone. Through this cooperation, we create conditions for attracting knowledge and technology, as well as joint investments in the country's economy."

He also noted that the Fund uses an approach called the "boomerang model": "If any international company intends to implement a project in Azerbaijan, if commercially feasible, we can also invest in foreign projects of the same company. This both expands our global portfolio and increases the long-term interest of foreign investors in Azerbaijan."

Javadov noted that although the Fund is not directly a party to public-private partnerships (PPPs), it plays a central role in developing the private sector and strengthening the investment environment.