BAKU, Azerbaijan, November 3. Azerbaijan’s
sovereign wealth fund, SOFAZ, reported total transfers of 180.04
billion manat ($105.9 billion) to the state budget through the end
of the third quarter of 2026. The milestone figures were disclosed
in the fund's period-end financial disclosure.


From January through September 2026, the fund's budget
expenditures amounted to 9.68 billion manat ($5.69 billion). Of
this amount, 9.6 billion manat ($5.66 billion) was transferred to
the state budget.


The assets of SOFAZ amounted to $74 billion or 125.8 billion
manat as of September 30, 2026.


According to the report, the fund's assets increased by $462
million (786 million manat) compared with the beginning of 2026. At
the start of the year, SOFAZ's assets stood at $73.5 billion (125
billion manat).


During the reporting period, the fund's total revenues amounted
to 12.34 billion manat ($7.26 billion). Of this amount, 8.74
billion manat ($5.14 billion) came from revenues related to oil and
gas projects, while 3.6 billion manat ($2.1 billion) was generated
from asset management.


The bulk of revenues from oil and gas projects came from the
sale of profit oil and gas. Receipts from this source amounted to
7.3 billion manat ($4.3 billion). Bonus payments and transit
revenues totaled 900,000 manat ($529,412), while acreage fees
amounted to 4.9 million manat ($2.88 million). In addition, 1.39
billion manat ($818.2 million) was received from the sale of the
state's stake in the Southern Gas Corridor CJSC.







According to SOFAZ, during the reporting period, 6.57 billion
manat ($3.86 billion) was received from the Azeri-Chirag-Gunashli
(ACG) field, while 565.1 million manat ($332.4 million) came from
the sale of gas and condensate from the Shah Deniz field.


At the same time, the fund allocated 27.7 million manat ($16.3
million) to finance ongoing state programs and projects. Of this
amount, 3.6 million manat ($2.1 million) was allocated to the State
program to increase the international competitiveness of
Azerbaijan's higher education system for 2019-2023; 21.9 million
manat ($12.9 million) to the State program on education of
Azerbaijani youth at prestigious higher education institutions
abroad for 2022-2028; and 2.2 million manat ($1.3 million) to
international dual-degree programs.


During the reporting period, SOFAZ's management expenses
amounted to 25.5 million manat ($15 million). In addition, changes
in gold prices and foreign exchange rates resulted in an off-budget
expense of 1.87 billion manat ($1.1 billion).


The State Oil Fund of Azerbaijan was established by a
presidential decree dated December 29, 1999. Its primary objective
is to ensure the accumulation and effective management of revenues
and other funds generated from the exploration and development of
the country’s oil and gas reserves, as well as from the fund’s own
activities, in the interests of present and future generations of
Azerbaijani citizens.