17:51 - 31.07.2026

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July 31, Fineko/abc.az. The Accounts Chamber recommended strengthening control over execution of budget assignments for the receipt of dividends to the State Oil Fund of Azerbaijan (SOFAZ).

This is stated in Chamber's report on the results of the audit of the formation of SOFAZ finances and their use in priority spheres.

According to the agreement protocol signed on December 18, 2025, between the State Oil Company of Azerbaijan (SOCAR), the Ministry of Economy, and the Ministry of Finance, part of the financial resources required by SOCAR for fulfilling state tasks will be provided by the Southern Gas Corridor CJSC. In this regard, it was decided to postpone the payment of SOCAR's dividends for 2025 and 2026 by a total of $529 million ($46 million and $483 million, respectively) and to pay them in equal installments between 2027 and 2040.

However, despite the fact that the $123.2 million stipulated in the protocol for 2025 is included in SOCAR's dividend payments, these funds were not transferred last year as the company did not pay dividends.