Shahmar Movsumov, the Executive Director of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) received on May 12, 2010 the members of the Switzerland-Azerbaijan friendship group of the Swiss Parliament and high-level representatives of Swiss private energy sector companies.

Mr. Movsumov briefed the guests on the Fund's activity, management of its assets, Sovereign Wealth Funds, major projects financed by the Fund. He talked about SOFAZ's leading role in implementation of the Extractive Industries Transparency Initiative (EITI).

Executive Director gave detailed answers to the questions covering SOFAZ's activity.