Azerbaijan’s State Oil Fund, SOFAZ, long known for managing the nation’s substantial oil and gas revenues, is actively reshaping its investment strategy to reduce dependence on fossil fuels. In a bold move to safeguard the country’s economic future, SOFAZ is increasingly channeling funds into diverse sectors beyond hydrocarbons, signaling a pivotal shift towards sustainable growth. This strategic diversification not only aims to stabilize Azerbaijan’s economy amid fluctuating energy markets but also positions the sovereign wealth fund as a catalyst for broader national development. Euronews.com explores how SOFAZ’s evolving portfolio reflects a new chapter in Azerbaijan’s economic narrative.
SOFAZ’s Strategic Shift Towards Renewable Energy Investments
In recent years, SOFAZ has taken decisive steps to recalibrate its investment portfolio, prioritizing renewable energy as a cornerstone of Azerbaijan’s sustainable future. The fund’s strategy includes capital…
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Author : Victoria Jones
Publish date : 2025-12-28 02:10:00
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