The State Oil Fund of the Republic of Azerbaijan (SOFAZ) published its Annual Report for the year 2020, containing in-depth information on the Fund's activities and Independent Auditor's Report prepared by PricewaterhouseCoopers.

The 2020 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 2020. 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.

In 2020, the 44-day Patriotic War ended with the glorious victory of the brave Azerbaijani Army under the leadership of the Commander-in-Chief, Ilham Aliyev, and after 30 years, our tricolor flag flew again in our homeland - Karabakh. This report, dedicated to the 1st anniversary of our glorious victory, was prepared in the "Karabakh" design concept.

Reports are available at the links below:

Annual Report for the year 2020: https://www.oilfund.az/report-and-statistics/get-download-file/7_2020_tam_en.pdf

Independent Auditor's Report: https://www.oilfund.az/report-and-statistics/get-download-file/8_2020_en.pdf