oil fund

STATE OIL FUND OF THE REPUBLIC OF AZERBAIJAN

SOFAZ introduces its new web site

11 Oct 2011 11:24:35

SOFAZ introduces its new web site

11 Oct 2011 11:24:35

The State Oil Fund of the Republic of Azerbaijan has introduced its renewed web site on www.oilfund.az, which has been active since 2001. Purpose of new design and structure of the website is to help the public to get more information about the Fund's activities, make the web site friendlier and preserve the principles of transparency that Fund ensures in its activity.

Website’s section “About the Fund” includes the Fund’s history, goals and philosophy, information about its management and structure, Fund’s achievements and its international relations, terminology used in the financial activity of the Fund.

“Projects” section contains detailed information on the projects financed by the Fund.

The “Legal Framework” includes Laws, Decrees and Orders related to the activity of the Fund, and information about the State and Fund’s budgets.

Website’s “Reports and Statistics” section contains reports archive consisting of annual reports, quarterly statements, auditor reports regarding the Fund's activity prepared by international reputable Auditor companies and the Extractive Industries Transparency Initiative (EITI) reports, as well as information about the Fund’s budget and Latest figures.

“Press Room” is comprised of Public relations, Information Policy, announcements, speeches and presentations of the Fund's Executive Director, news archive about the activities of the Fund since its establishment to this day, as well as about the implementation of EITI in Azerbaijan, useful links, FAQ, the electronic version of the articles about the Oil Fund published in local and foreign media. “Press Room” also includes Opinion and Suggestions for the use of public to express their views and opinion about the Oil Fund.

Online subscription to the Fund's news is also available.

Journalists, as well as public representatives will be able to get answers to all questions as soon as possible by filling the request form in the “Contacts” section. The map reflecting Fund’s address and the information on public transportation for reaching the Fund are available in this section.

The content of the web site is changed and two new sections: “Asset Management” and “Career Opportunities” are created.

General information on Fund’s assets, Investment policy, information on External managers of the Fund, presentations on Funds investment activity - are all available in the “Asset Management” section.

The main purpose of the creation of “Career Opportunities” section is to facilitate those willing to work in the Fund by providing more detailed information about the vacancies and recruitment rules. Sub-category “Internship for students” includes information about Training program, Requirements for individuals willing to internship and Impressions of the previous interns about their experience in the Oil Fund. Electronic application form is added in this section so that individuals interested in working in the Fund will be able to fill in the information about themselves and send it online directly to the relevant department.

To keep the viewers informed the website also includes daily updated information about the main foreign currencies, exchange rates, the price of Brent and WTI brand oil and gold on the world market.

Website operates in Azerbaijani and English languages.

Subscribe to our News