Shahmar Movsumov, the Executive Director of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) met with representatives of the European Parliament and German Bundestag on June 7, 2012.

Mr. Movsumov briefed the guests on the Fund's activity, management of its assets, Sovereign Wealth Funds, cooperation between the government of Azerbaijan and European Parliament, 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 activity.