Shahmar Movsumov, the Executive Director of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) met with French delegation headed by co-chairman of the Senate Energy Studies Group Ladislas Poniatowski on October 2, 2012.

Mr. Movsumov briefed the guests on the Fund's activity, management of its assets, Sovereign Wealth Funds, major projects financed by the Fund, economic cooperation between the government of Azerbaijan and France. 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.