SOFAZ Supervisory Board held meeting
A meeting of the Supervisory Board of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) was held on July 6. According to the decision of the Supervisory Board, the Prime Minister of the Republic of Azerbaijan Novruz Mammadov was elected as the Supervisory Board's Chair.
During the meeting, 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.
---
Follow us on Twitter @AzerNewsAz
Here we are to serve you with news right now. It does not cost much, but worth your attention.
Choose to support open, independent, quality journalism and subscribe on a monthly basis.
By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.
You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper
Thank you!