The State Oil Fund of the Republic of Azerbaijan (SOFAZ) published its Annual Report for the year 2022, containing in-depth information on the Fund's activities and Independent Auditor's Report prepared by PricewaterhouseCoopers.

The 2022 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 2022. 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.

Report is available at the link below:

Annual Report for the year 2022: https://oilfund.az/en/report-and-statistics/get-download-file/flip/7_2022_tam_en.pdf