SOFAZ Executive Director Received an American Governmental Delegation

Business Materials 9 February 2007 20:10 (UTC +04:00)

Shahmar Movsumov, the Executive Director of the State Oil Fund of Azerbaijan (SOFAZ) received a governmental delegation of the United States today, on February 8, 2007, Trend reports referring to a message beuing spread by SOFAZ.

He informed the guests about SOFAZ activity, effective management of the assets received through the implementation of the production sharing agreements, Azerbaijan leading role in realization of the Extractive Industry Transparency Initiative (EITI) and answered the questions put by the American guests.

The meeting participants representing the delegation due to take part in the US-Azerbaijan Economic Partnership Commission first meeting held on February 7 in Baku, included Thomas Adams, the Coordinator of US Assistance to Europe and Eurasia, Douglas Menarchik, the USAID Assistant Administrator for Europe and Eurasia, Daniel Stein, the US Trade and Development Agency Director for Europe, Stefanie Altman-Winans, the Country Assistance Officer for the Caucasus EUR/ACE, Anne Derse, the US Ambassador to Azerbaijan, Robert Wilson, the Mission Director of USAID Caucasus, Lane Bahl, the Azerbaijan Desk Officer of the US State Department and representatives of the USAID Baku office.