State Oil Fund of the Republic of Azerbaijan has introduced its web site onwww.oilfund.az, which has been active since 2001, to help users to get more information about the Fund’s activities, to make the web site more friendly and to preserve the principles of transparency that Fund ensures in its activity.

The users can read information about history, philosophy, in-flow sources, financial activities of the Fund, the projects financed by the Fund, information about its management structure, oil termninology, the frequently asked questions on the web site. The legal documents, annual reports, quaterly statements, auditor reports regarding the Fund’s activity are also available on the web site, which presents news about implementation of the Extractive Industries Transparency Initiative in Azerbaijan as well. Users can find all information in the news archive about SOFAZ since its establishment.

The web site serves up the auto-enquiry for the press to ensure accountability between SOFAZ and society and to build closer contacts with journalists. It also presents detailed information about two major projects financed by the Oil Fund – building housing and the improvement of socio-economic conditions of refugees and internally displaced persons and Baku-Tbilisi-Ceyhan major export pipeline.

The EITI column is clickable for access to information about Azerbaijan’s implementation of EITI and reports publicized by the Azerbaijan government within the framework of the Initiative.