Baku, July 6, AZERTAC
Prime Minister Novruz Mammadov was elected as the Supervisory Board`s Chair of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) according to the decision of the Supervisory Board which convened a meeting on July 6.
The Supervisory Board discussed the Fund`s annual report and audited financial statements for the year of 2017, SOFAZ`s 2017 budget execution project and the amendments to SOFAZ`s 2018 budget.
The Supervisory Board approved SOFAZ`s 2017 annual report and Auditor`s (PricewaterhouseCoopers) Report as submitted by the Executive Director of the Fund. While endorsing the Fund`s 2017 budget execution project and the amendments to SOFAZ`s 2018 budget, the Supervisory Board recommended these documents for the approval of the President of the Republic of Azerbaijan.
© Content from this site must be hyperlinked when used.