THE STATE OIL FUND OF THE REPUBLIC OF AZERBAIJAN
The State Oil Fund of the Republic of Azerbaijan (SOFAZ) is a sovereign fund established to manage oil and gas revenues for current and future generations.
Last updated September 1, 2026
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Overview
The State Oil Fund of the Republic of Azerbaijan (ARDNF) was established by the Decree of the nationwide leader Heydar Aliyev on December 29, 1999, to manage revenues from oil and gas. The fund's strategic vision is to transform revenues from depleting natural resources into a permanent income source for current and future generations of the Azerbaijani people, and it aims to integrate Environmental, Social, and Governance (ESG) principles into its investment portfolio.
History
The State Oil Fund of the Republic of Azerbaijan (ARDNF) was established by the Decree of the nationwide leader Heydar Aliyev on December 29, 1999, to manage revenues from oil and gas. The fund's strategic vision is to transform revenues from depleting natural resources into a permanent income source for current and future generations of the Azerbaijani people, and it aims to integrate Environmental, Social, and Governance (ESG) principles into its investment portfolio.
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