A meeting of the Supervisory Board of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) was held on November 29, 2013. The meeting chaired by Mr. Artur Rasi-zadeh, Prime Minister of Azerbaijan and Chairman of the Supervisory Board discussed the SOFAZ draft budget for 2014.
The Board approved the Fund's 2014 budget revenues at 11 626 943,4 thousand manats, its expenditures at 11 349 934,8 thousand manats and the Fund's operating expenditures at 58 140,0 thousand manats. The Supervisory Board recommended the Fund's 2014 draft budget, including the major directions of its investment policy, and its draft annual operating expenditures for the approval by President of the Republic of Azerbaijan.
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