Azerbaijan’s Oil Fund hits milestone with gold bar investments

Jul 21, 2025 - 21:01
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Azerbaijan’s Oil Fund hits milestone with gold bar investments
The State Oil Fund of Azerbaijan (SOFAZ) invested 21 billion manat ($12.35 billion) in gold bars by the end of last year. This marks an increase of 9.5 billion manat ($5.6 billion), or 83%, compared to 11.48 billion manat ($6.75 billion) recorded the previous year.