The State Oil Fund of the Republic of Azerbaijan (SOFAZ) published its Annual Report for the year 2019, containing in-depth information on the Fund's activities and Independent Auditor's Report prepared by PricewaterhouseCoopers.

The 2019 Annual Report provides a broad overview of the Fund’s governance and transparency principles, SOFAZ’s role in the national economy and budget execution in 2019. The Report also presents information on the Fund’s investment strategy, an overview of the investment portfolio and overall performance, risk management, as well as self-assessment report on Generally Accepted Principles and Practices (Santiago Principles), and Consolidated Financial Statements.

The design concept of the Annual Report is dedicated to the 20th anniversary of SOFAZ. The Annual Report highlights significant milestones in the 20-year history of SOFAZ, which was established by the National Leader Heydar Aliyev, together with the initiative of President Ilham Aliyev. The Report features socio-economic projects financed by SOFAZ, the Fund’s investment activities and the growth of the investment portfolio over the years. The Report also boasts information on the events organized throughout 2019, in commemoration of SOFAZ’s 20th anniversary.

Reports are available at the links below:

Annual Report for the year 2019: https://oilfund.az/report-and-statistics/get-download-file/7_2019_tam_en.pdf

Independent Auditor's Report: https://oilfund.az/report-and-statistics/get-download-file/8_2019_en.pdf