Azerbaijan, Baku, July 9 / Trend /
The Supervisory Council of the State Oil Fund of Azerbaijan decided to submit the fund's amended budget for 2010 for presidential approval, a message said.
During the meeting, SOFAZ Executive Director Shahmar Movsumov presented the annual report on the activities of the fund for 2009, the Independent Auditor's Report (Company Delloitte & Touche) on financial activity in 2009 and a draft budget.
The Supervisory Council also recommended to submit these documents to the president.
SOFAZ revenues in 2009 was 8 176.7 million manat, and costs - 5 294.5 million manat.
The meeting of the Supervisory Council was chaired by Prime Minister Artur Rasizade, who was re-elected to the presidency of the council in 2010.