Shahmar Movsumov, the Executive Director of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) received on August 16, 2007 the delegation headed by Daniel Sullivan, the US Assistant Secretary on Economic, Energy and Business Affairs and Co-chair of the US-Azerbaijan Intergovernmental Economic Partnership Commission.

Sh. Movsumov informed the guests about the Fund's activity, as well as the projects financed by the Fund and management of its assets. He briefed about SOFAZ's leading role in implementation of the Extractive Industries Transparency Initiative (EITI) and Azerbaijan's representation at the international EITI Board.

D. Sullivan extended his congratulations to SOFAZ Executive Director on the Fund's winning of the prestigious 2007 UN Public Service Award in the category of "Improving transparency, accountability and responsiveness in the Public Service" and appreciated the Fund's commitment to transparency.