Development of the Azeri-Chirag-Guneshli (ACG) oilfield and the Shah Deniz gas field are the main energy projects in Azerbaijan.

AzerGold has increased the estimation of recoverable gold reserves at the Chovdar gold deposit by 3.5 times - up to 731,900 ounces.

SOFAZ sovereign wealth oil fund holds proceeds from oil contracts, oil and gas sales, transit fees and other revenue.

The IMF has also said that the role of the state in the economy needs to be substantially reduced. Achieving sustainable development goals would require improving the effectiveness of public spending and increasing revenue mobilisation.

Anglo Asian Mining Plc, reported a decline in gold production to 10,040 ounces in the first quarter of 2022 from 11,907 ounces in the same period last year.