SOFAZ publicizes its Information Policy
Azerbaijan, Baku / corr. Trend I.Khalilova / The State Oil Fund of the Republic of Azerbaijan (SOFAZ) has publicized its Information Policy.
The document that was approved on April 20, 2007 by Shahmar Movsumov, the Executive Director of SOFAZ has been developed in accordance with the Law of the Republic of Azerbaijan. About Obtaining Information with the purpose of efficient management and proper co-ordination of public relations of the Fund and meeting the demands of the public to receive the Fund-related information and further development of the image of transparent governmental organization of the Fund.
The document provides objectives of the Information Policy, SOFAZ's main tasks in accordance with the Information Policy and information policy requirements, namely Quarterly information on income and expenditure; annual reports; reports on application of Extractive Industries Transparency Initiative (EITI); audit reports; information on meetings of the Supervisory Council; Organizational structure; budget-related information; information on received grants, their conditions and usage; statutory legal acts regulating the activity; general information on financed projects; non-confidential information related to investment portfolio; the information on foreign business trips of the management and announcements on vacant positions.