A meeting of the Supervisory Board of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) was held on June 11, 2009. The meeting chaired by Mr. Artur Rasi-zadeh, Prime Minister and Chairman of the Supervisory Board discussed the Fund's annual report and audited financial statements for the year of 2008, a report on execution of the 2008 budget.

The Supervisory Board approved the SOFAZ's 2008 annual report and Auditor's (Deloitte & Touche) Report as submitted by the Executive Director of the Fund. The Supervisory Board recommended the document on execution of the Fund's 2008 budget for the approval by the President of the Republic of Azerbaijan.

Prime Minister Artur Rasi-zadeh was re-elected as the Supervisory Board's Chairman-in-office.