Το SOFAZ διαφοροποιείται πέρα από το πετρέλαιο και το φυσικό αέριο

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Το SOFAZ διαφοροποιείται πέρα από το πετρέλαιο και το φυσικό αέριο  Το SOFAZ διαφοροποιεί το χαρτοφυλάκιο του κρατικού πλούτου πέρα από το πετρέλαιο και το φυσικό αέριο, επενδύοντας σε ανανεώσιμες πηγές ενέργειας, υποδομές και ψηφιακά περιουσιακά  Σε συνεργασία με Azpromo  ΔΙΑΒΑΣΤΕ ΕΠΙΣΗΣ : http://gr.euronews.com/2025/12/24/to-sofaz-diaforopoieitai-pera-apo-to-petrelaio-kai-to-fysiko-aerio  Γίνε συνδρομητής! ! Το euronews είναι διαθέσιμο σε 12 γλώσσες

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00:00Υπότιτλοι AUTHORWAVE

00:30Υπότιτλοι AUTHORWAVE

01:00202-megawatt solar-powered portfolio in Italy.

01:04Sofaz's diversification has extended to infrastructure,

01:08with an investment of around $66 million in London's Gatwick Airport.

01:12And as part of its broader bid to reduce dependence on oil revenues,

01:17Sofaz has rebalanced its asset mix in recent years,

01:21increasing its exposure to gold and real estate,

01:23whilst reducing its holding of bonds.

01:27So what does 2026 hold in store for Sofaz

01:30as it continues to diversify its investments

01:32and build upon its recent move into European green energy?

01:36Rafjan Javadov, it's wonderful to see you.

01:40Thank you for talking to Euronews today.

01:41It's wonderful to be here. Thank you for having me.

01:44Let me start by asking you about the record year that you've had.

01:47When we look at assets under management,

01:48they've increased by $11 billion year on year.

01:51What's been driving that growth?

01:53As you mentioned, this year is a record year for us

01:56and assets grew by more than $11 billion so far.

02:02And the good thing about it is that

02:04$11 billion growth came from basically asset management.

02:09So oil and gas inflows,

02:11basically we transferred all oil and gas inflows to the state budget.

02:15And $11 billion came from our return from asset management

02:20as well as, you know, increasing gold and FX values.

02:27Sofaz manages around $71 billion across 50 countries globally.

02:33How are you making sure that your new foray,

02:35your pivot, if we can call it that, into renewables,

02:38still supports the national interest

02:40and your key economic drivers of oil and gas revenues?

02:43This is a very important question.

02:46You know, our global strategy has to always serve

02:49Azerbaijan's long-term interests as well.

02:54So our modern oil and gas strategy

02:56was shaped by, under the leadership of Haider Aliyev,

03:00our national leader in early 1990s.

03:04So the idea was clear to manage oil and gas reserves

03:08wisely and responsibly.

03:09And it consisted of three pillars.

03:11First pillar was about attracting international partners

03:14and investment to Azerbaijan.

03:15The second pillar was about building secure export routes.

03:19And the third pillar was about saving some oil and gas revenues

03:23for future generations.

03:25Sofaz was created as a part of the third pillar.

03:27Our main goal is to transform deplorable oil and gas reserves

03:30into long-term financial strength for the country.

03:34We do it by investing these revenues outside of Azerbaijan

03:41and creating stable cash flows.

03:44As for renewables, this is part of our investment strategy as well.

03:48They offer sometimes good and sometimes predictable

03:52and stable future cash flow.

03:54They help us to reduce risk in terms of oil price volatility.

03:58Our strategy is to diversify our investment portfolio

04:03and investments in renewables plays an important role in this strategy.

04:08Sticking with the energy weighting of your fund

04:10but moving beyond your recent investments in solar in Europe,

04:13where else do you see as particular areas of investment and growth next year?

04:18Looking at hydrogen, batteries, infrastructure,

04:22transportation, logistics or something else?

04:23We invest in digital infrastructure.

04:28We invest in network.

04:29We invest in new technologies.

04:31Some of them are mature and provide stable cash flow.

04:34Some of them new and with more gross prospects.

04:39But combining them helps us to build more resilient and stable portfolio.

04:48So, for us, the most important thing is to protect nations' wealth.

04:55And it's more important than betting on any single sector.

05:03COP30 emphasised the need for all major pools of capital

05:07to come together to help close the climate finance gap.

05:10Sovereign wealth funds are in a unique position

05:12because globally they manage more than $12 trillion.

05:15You're in a great position too and you've started to move in that direction.

05:20But what more could you do?

05:21How about partnership with multilaterals?

05:24What about being an anchor investor?

05:26We fully support a global push to close climate finance gap,

05:32especially in emerging markets.

05:34and to do so, we also partner with major international players,

05:42including multilaterals.

05:45And we have partnership with International Financial Corporation, IFC.

05:49We have partnership with EBRG.

05:51And in terms of climate investments,

05:54we invest together with IFC in the climate-related fund.

05:59And we are happy to continue doing so.

06:02And we are happy to be an anchor investor in climate finance.

06:05The only requirement is that any project has to be in line with our risk return profile.

06:13You're strengthening your strategic partnerships across many regions,

06:16expanding in North America, Europe, Asia and indeed the Middle East.

06:20How do you protect those new investments,

06:23especially from political or regulatory risks and exposure,

06:27not least in Europe, where European energy policy continues to evolve at pace?

06:32Risk management has always been central to our investment decision process.

06:40And we have several risk mitigation tools.

06:46First of all, of course, we have investment guidelines and risk limits we adhere to.

06:53We have strict due diligence process.

06:57Our investment risk compliance legal team has to go through strict due diligence process

07:03and look at different types of risk.

07:05Another risk mitigation tool for us is, of course, diversification.

07:08Our investments are spread across different asset classes,

07:13across different sectors, different countries, different regions.

07:17You mentioned Europe.

07:18In Europe, we follow regulation and legislations.

07:24And, of course, all these risk management tools helps us to protect the fund

07:29and also to be able to see and invest in different opportunities globally.

07:35We have to leave our conversation there.

07:36But, Ravshan Javadov, thank you very much for speaking to me today.

07:40Thank you for having me.

07:41Well, that's all we have time for in this edition of Energy Frontiers.

07:45And, indeed, it's the end of this series.

07:48I very much hope you enjoyed it.

07:49And for all of the episodes, just head to euronews.com.

07:52Thanks for watching.

07:53Take care.

07:54And I'll see you soon.

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