Israfil Mammadov

State Oil Fund of the Azerbaijan Republic (Investment Management) (SOFAZ-IM) is the investment management division of the Government of Azerbaijan's State Oil Fund of Azerbaijan Republic. Headquartered in Baku, the firm was founded in accordance with the Decree of the President of the Republic of Azerbaijan in 1999 to accumulate and efficiently manage oil revenues. SOFAZ-IM safeguards and prudently manages energy-related earnings for present and future generations. They aim to transform deflectable hydrocarbon reserves into financial assets generating perpetual income.

State Oil Company of Azerbaijan Republic engages in the exploration of oil and gas fields. It produces, processes, and transports oil, gas and gas condensate; markets petroleum and petrochemical products in domestic and international markets; and supplies natural gas to industry and the public. The company was founded on September 13, 1992 and is headquartered in Baku, Azerbaijan.