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SOFAZ Executive Director meets with USA delegation led by Texas Comptroller of Public Accounts Susan Combs

[ 13 December 2012 18:13 ]


Baku. Vahab Rzayev – APA-Economics. Shahmar Movsumov, the Executive Director of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) met with USA delegation headed by Texas Comptroller of Public Accounts, Susan Combs on December 13, 2012.


Mr. Movsumov briefed the guests on the Fund's activity, management of its assets, Sovereign Wealth Funds, major projects financed by the Fund. He talked about SOFAZ's leading role in implementation of the Extractive Industries Transparency Initiative (EITI).


Executive Director gave detailed answers to the questions covering SOFAZ's activities.