Baku, June 2, AZERTAC
Prime Minister Artur Rasizade has been reelected as the chairman of the Supervisory Board of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) at its meeting in Baku.
The Supervisory Board discussed the Fund's annual report and audited financial statements for the year of 2014 and a report on execution of the 2014 budget.
It also approved the SOFAZ's 2014 annual report and Auditor's (PricewaterhouseCoopers) Report as submitted by the Executive Director of the Fund. While endorsing the Oil Fund's 2014 budget execution project the Supervisory Board recommended this document for the approval by the President of the Republic of Azerbaijan.