| Azərbaycan Respublikasının Dövlət Neft Fondu | |
 | |
| Abbreviation | SOFAZ |
|---|---|
| Established | December 29, 1999 |
| Founded at | Baku, Azerbaijan |
| Type | SWF |
Executive Director | Israfil Mammadov |
| Award(s) | United Nations Public Service Awards EITI Award |
| Website | www.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.[1][2]
Nearly all the fund's revenues come from Azerbaijan's oil and gas exports.[3][4] The fund has been criticized for its lack of transparency and for enriching Azerbaijan's political elites.[5][6]
- ^ "IFC and Azerbaijan Support Private Sector Development in Emerging Markets". pressroom.ifc.org. Retrieved October 28, 2021.
- ^ Columbia Center on sustainable investment. "Natural Resource Funds Azerbaijan State Oil Fund of the Republic of Azerbaijan" (PDF).
- ^ Curran, Enda (2013-02-13). "Azerbaijan to Buy Australian Real Estate". Wall Street Journal. ISSN 0099-9660.
- ^ Di Bonaventura Altuve, Leonardo (2023). "The demise of sovereign wealth funds". Review of International Political Economy. 31: 277–303. doi:10.1080/09692290.2023.2190601. ISSN 0969-2290. S2CID 257817535.
- ^ Altstadt, Audrey L. (2017). Frustrated Democracy in Post-Soviet Azerbaijan. Columbia University Press. pp. 24, 114–120. ISBN 978-0-231-80141-6.
- ^ Waal, Thomas de (2018-11-02). The Caucasus: An Introduction. Oxford University Press. p. 185. ISBN 978-0-19-068311-5.