A meeting of the Supervisory Board of the State Oil Fund of the Republic of Azerbaijan (SOFAZ), chaired by Prime Minister and Chairman of the Supervisory Board of SOFAZ Ali Asadov, was convened on June 10th. The meeting extensively discussed the annual report on the activities of the State Oil Fund in 2021, the results of the financial audit, the implementation of the Fund's 2021 budget, and other pertinent issues.

Following thorough deliberations and considering the opinions and suggestions presented by the members of the Supervisory Board, a decision was made to submit the annual report on the activities of the State Oil Fund of the Republic of Azerbaijan in 2021, along with the results of the audit and the implementation status of the 2021 budget, to the President of the Republic of Azerbaijan.