oil fund


Notification 20.06.2017

Notification 20.06.2017

The State Oil Fund of the Republic of Azerbaijan (SOFAZ) announces Request for Service Proposal (RFP) for futures clearing and execution services in accordance with Chapter 5 of the Law of the Republic of Azerbaijan "On Public Procurements".

Clearing and execution brokers (“brokers”) have to meet the following requirements:

- Being CME Group member as a clearing broker;

- Being National Futures Association (NFA) member as futures commissions merchant

- Having (in case company itself does not have a credit rating, its parent) investment grade credit rating

- Being designated to sign a procurement agreement;

- Possession of free and unlimited disposal right over its property, also payment ability;

- Not being declared bankrupt, its property shouldn’t have been seized, not having any collateral charged and being a legal entity whose activities haven’t been suspended by a court decision;

- Not having any overdue liabilities on taxes or other compulsory payments due to the Republic of Azerbaijan;

- During the last 5 years firm’s professional activity shouldn’t have been suspended by a court decision due to the conviction of falsely stating the professional activity of the firm, its counterparties, employees or its qualification indicators with the purpose of signing a procurement agreement.

To obtain RFP documentation, managers may address below contact persons:

Bayazid Malikov, trader

Tel: +994 (12) 498 77 53 (ext. 1607)

E-mail: bmalikov@oilfund.az

Rustam Muradov, trader

Tel: +994 (12) 498 77 53 (ext. 1610)

E-mail: rmuradov@oilfund.az

Fax: +994 (12) 565 87 55

The proposals have to be sent to the following address not later than 17:00 local time, 1 August, 2017165 Heydar Aliyev Avenue, Baku, Republic of Azerbaijan, AZ1029