On July 15, 2025, the State Oil Fund of the Republic of Azerbaijan (SOFAZ) hosted an event titled “150 Years of National Press: Credible, Honest, Transparent” to mark the 150th anniversary of the Azerbaijani national press. The event brought together representatives of various media outlets and agencies, including professionals specializing in finance and economics.

The event, held in recognition of the longstanding traditions of journalism and the invaluable contributions of media professionals, was opened by SOFAZ CEO Israfil Mammadov. In his remarks, Israfil Mammadov congratulated the journalists on the occasion and stated: "We believe that a healthy and professional media is an integral part of a progressive society. With this in mind, we remain committed to fostering a relationship with the media that is built on mutual respect and trust, while implementing initiatives that ensure the public receives comprehensive and transparent information about the Fund’s activities."

The programme continued with a presentation by journalist, historian, and guide Fuad Akhundov on the topic “Oil and Media.” Known for his distinctive style, Mr. Akhundov highlighted the historical role of Azerbaijan’s oil wealth not only in economic development but also in shaping the country’s information landscape and public enlightenment. He illustrated how the oil sector contributed to the growth of the national press and underscored the vital role played by women journalists in media history, emphasizing the importance of maintaining gender balance in the development of the press.

During the interactive segment of the event, SOFAZ leadership and media professionals exchanged views on the role of the national press in Azerbaijan’s socio-political life and educational advancement, as well as on the future prospects for media–Fund cooperation.