BAKU, Azerbaijan, December 19. The Supervisory
Board of the State Oil Fund of Azerbaijan (SOFAZ) held meeting
today, Trend
reports via the Cabinet of Ministers.
The agenda of the meeting, chaired by the Prime Minister of
Azerbaijan and Chairman of the Supervisory Board of SOFAZ Ali
Asadov, included a detailed discussion of the forecast indicators
of the State Oil Fund's draft budget for 2026, including the fund's
revenues and main directions of using its funds, the fund's
investment policy, the currency composition and profitability of
the investment portfolio, and other current issues.
The meeting heard a report by SOFAZ CEO Israfil Mammadov.
At the end of the meeting, a relevant decision was made to
submit the draft budget of SOFAZ for 2026 to the President of the
Republic of Azerbaijan, Ilham Aliyev, taking into account the
opinions and proposals of the members of the Fund's Supervisory
Board.
Stay up-to-date with more news on Trend News
Agency's WhatsApp channel
