State Oil Fund of Azerbaijan Republic

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"Oil is a major wealth of Azerbaijan which belongs not only to this generation, but also to future generations."


Heydar Aliyev President of the Republic of Azerbaijan

Latest news
4 February 2010
EITI Multi-stakeholder Group holds meeting

The first meeting of the Multi-stakeholder Group (MSG) on implementation of Extractive Industries Transparency Initiative (EITI) in Azerbaijan presided over by Shahmar Movsumov, Chairman of the MSG and the Executive Director of the State Oil Fund, was held on February 4, 2010. Shahmar Movsumov updated the members of the MSG on latest developments of EITI implementation.

2 February 2010
State Oil Fund of the Republic of Azerbaijan and RiskMetrics Solutions Inc. sign an agreement

The State Oil Fund of the Republic of Azerbaijan signed an agreement with RiskMetrics Solutions Inc. on 29th of January, 2010.  The company is the winner of an open tender for provision of IT solution for Risk Measurement System, which was held in compliance with the requirements of Law of the Republic Azerbaijan on Public Procurement.

26 January 2010
SOFAZ Revenue and Expenditure Statement for 2009

Budget revenues of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) for the period of January-December, 2009 reached 8 176.7 million manats, while budget expenditures constituted 5 294.5 mln. manats. 2009 budget revenues and expenditures of the Fund were executed accordingly 97.8 % and 99.5%.

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Currency
8 February 2010
  AZN USD EUR JPY GBP
GBP 0.7977 0.6425 0.8784 0.0072 1
JPY 112.35 89.44 122.27 1 139.20
EUR 0.9123 0.7315 1 0.0082 1.1384
USD 1.2447 1 1.3671 0.0112 1.5564
AZN 1 0.8034 1.0961 0.0089 1.2536
 
Commodities
Price (USD)
Oil Dated Brent Spot 69.08
Oil WTI Cushing Spot 71.19
Gold 1 OZ futr 1069.800