SOFAZ revenues from the implementation of oil & gas agreements amounted to $2.8 billion, including $2.4 billion from the sale of profit oil & gas during the period of January-June 2021.
Revenues from asset management of the Fund for the reporting period amounted to $1.1 billion.
Within the execution of the Fund budget for 2021, some $2.7 billion were transferred to the state budget.
Established in 1999, SOFAZ is a sovereign wealth fund, which accumulates and preserves Azerbaijan’s oil & gas revenues for future generations.
The Fund accumulates income from the sale of oil contracts, and in 2003 it started to make transfers to the state budget of Azerbaijan.
As for now, SOFAZ's contribution to the country’s GDP is over 80%.