阿塞拜疆的石油基金到2025年9月增长到18.1B美元,但由于石油价格低和过境路线中断,2026年收入下降12.7%。 Azerbaijan's oil fund grew to $18.1B by Sept. 2025, but faces 12.7% revenue drop in 2026 due to low oil prices and disrupted transit routes.

阿塞拜疆国家石油基金(SOFAZ)的股票投资组合在强劲的投资回报和战略资产管理的驱动下,到2025年9月增加到181亿美元。 Azerbaijan's State Oil Fund (SOFAZ) saw its equity portfolio grow to $18.1 billion by September 2025, driven by strong investment returns and strategic asset management. 然而,据SOFAZ预测,2026年由于石油价格和产量下降,收入下降12.7%,预计净流入额为50.3亿美元。 However, SOFAZ projects a 12.7% revenue decline in 2026 due to lower oil prices and production, with net inflows expected at $5.03 billion. 由于俄罗斯-乌克兰冲突的线路中断,过境收入几乎为零。 Transit revenues are nearly zero due to disrupted routes from the Russia-Ukraine conflict. 中央银行预测2026年的通货膨胀在4%-2%的目标范围内,而该基金对石油价格仍然高度敏感——每一美元的变动都会影响1亿美元的收入。 The central bank forecasts 2026 inflation within its 4%±2% target, while the fund remains highly sensitive to oil prices—each $1 change affects revenues by $100 million. 尽管收入减少,但由于开支削减幅度较大,预计预算会出现盈余。 Despite lower revenues, a projected budget surplus is expected due to steeper spending cuts.