15:23 - 30.06.2020

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June 30, Fineko/abc.az. The Supervisory Board of the State Oil Fund of Azerbaijan (SOFAZ), taking into account the opinion of the independent auditor (PricewaterhouseCoopers Audit Azerbaijan LLC) on the financial activities of the Fund in 2019, considered the annual reporting of SOFAZ on its activities in 2019 acceptable.

ABC.AZ was informed on the occasion at SOFAZ. According to the information, the SOFAZ Supervisory Board decided to implement the SOFAZ budget for 2019 at the level of AZN 19.03 bn or 123.2%.

In particular, taking into account the conclusions of PricewaterhouseCoopers Audit Azerbaijan on Fund’s financial activities for 2019 and the Accounts Chamber of Azerbaijan on budget performance for 2019, a decision was made to submit the document for approval to the President of Azerbaijan.