Oil Fund's profits plummet

12:41 - 21.07.2025


July 21, Fineko/abc.az. The State Oil Fund of Azerbaijan (SOFAZ) ended 2024 with net profit of 7.858 billion manats.

The Fund finished 2023 with net profit of 8.102 billion manats (3% less than a year ago).

ABC.AZ informs with reference to SOFAZ’s financial report, last year Oil Fund's income from bonds fell from 3.35 billion manats to 680 million manats, income from shares - from 3.609 billion manats to 3.213 billion manats, and revenues from gold bars increased from 1.373 billion manats up to 3.386 billion manats.