The opening ceremony of 14th Caspian International Oil and Gas Conference was held on June 5, 2007 at Heydar Aliyev Sport-Concert Complex in Baku. Addressing the ceremony Ilham Aliyev, the President of the Republic of Azerbaijan underlined the economic achievements in the country. Assessing the State Oil Fund of the Republic of Azerbaijan as a most transparent organization he said that this fact was proved with the UN prize that SOFAZ was awarded for ensuring transparency in its activity.

The letter to the Azerbaijan President from Tony Blair, the Prime-minister of the United Kingdom of Great Britain and Northern Ireland read at the ceremony emphasized that the radical changes in Azerbaijan were very important for supporting global energy safety, and spending the revenues from these achievements ingeniously and transparently would serve to prosperous and sustainable future of Azerbaijan people. Regarding the implementation of Extractive Industries Transparency Initiative, lead by SOFAZ, the letter says: "I am glad that Azerbaijan continues its leading role in EITI".

David Sampson, the US Deputy Secretary of Commerce, who is in Baku to attend the conference, also underscored SOFAZ's activity as transparent. Speaking at the business lunch arranged by the American-Azerbaijan Chamber of Commerce on June 4, 2007 he said: "Transparent management of energy revenues through establishment of the State Oil Fund and efforts in implementation of EITI are positive steps taken by the government of Azerbaijan".