Neftechala Operating Company Ltd joins EITI implementation process in Azerbaijan (05 March 2010)

Moore Stephens to collate next EITI reports (26 February 2010)

The Multi-stakeholder Group (MSG) on implementation of Extractive Industries Transparency Initiative (EITI) in Azerbaijan held meeting on  February 26, 2010. 12th EITI reports for the year 2009 will be collated by Moore Stephens following the decision of the MSG.

Azerbaijan International Mining Company limited joins EITI implementation process in Azerbaijan (26 February 2010)

SOFAZ Executive Director meets with the representatives of US Congress (16 February 2010)

Shahmar Movsumov, the Executive Director of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) received on February 16, 2010 the representatives of the US Congress.

SOFAZ Executive Director takes part at the 11th EITI International Board meeting (16 February 2010)

Chairman of the National EITI Committee, a member of the EITI International Board and the Executive Director of the State Oil Fund of the Republic of Azerbaijan Shahmar Movsumov participated at the 11th EITI International Board meeting which was held on 9-10 February, 2010 in Oslo.

EITI Multi-stakeholder Group holds meeting (04 February 2010)

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.

State Oil Fund of the Republic of Azerbaijan and RiskMetrics Solutions Inc. sign an agreement (02 February 2010)

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.

SOFAZ’s logo is designed (26 January 2010)

The logo of the State Oil Fund of the Republic of Azerbaijan was designed. It is described a man holding something valuable in his hands symbolizing Funds main function to preserve Azerbaijan's wealth for future generations.

SOFAZ Revenue and Expenditure Statement for 2009 (26 January 2010)

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%.