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 December 8th. The meeting extensively discussed the draft budget of the State Oil Fund for 2024, the Fund's investment policy, the currency composition of its investment portfolio, and various other pertinent issues.

During the session, the report presented by SOFAZ Executive Director Israfil Mammadov was thoroughly reviewed.

Following deliberations and considering the opinions and suggestions put forth by the members of the Supervisory Board, a decision was reached to submit the draft budget of the State Oil Fund for 2024 to the President of the Republic of Azerbaijan.