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2025/10/10
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PRESIDENT KHALTMAAGIIN BATTULGA VISITS THE STATE OIL FUND OF AZERBAIJAN

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2018/09/25 10:46:46
PRESIDENT KHALTMAAGIIN BATTULGA VISITS THE STATE OIL FUND OF AZERBAIJAN

President of Mongolia Khaltmaagiin Battulga is paying a working visit to the Republic of Azerbaijan. The President visited the State Oil Fund (SOFAZ), the sovereign wealth fund of Azerbaijan, and got acquainted with its operations today.

Established in 1999, the State Oil Fund of Azerbaijan is mainly responsible for accumulating oil and gas revenues and managing the funds efficiently for the future.

The Fund’s Executive Director Shahmar Movsumov welcomed the Mongolian delegation led by President Battulga and introduced the functions of the Fund.

According to Mr. Shahmar Movsumov, the Fund collects natural resources income and ensures transparency of the expenditure. He said that experience-sharing was fully possible, while advising that “With its rich natural resources, Mongolia needs to establish this type of fund.”

 

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GALLERY

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2025/10/10 4:35:55President of Mongolia U. Khurelsukh to Pay a State Visit to the Republic of India
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552193840_4029457393985979_9174060302009063828_n
2025/09/24 10:36:35President of Mongolia Khurelsukh Ukhnaa Meets UN Secretary-General António Guterres
thumbnail 552569591_2623408488009654_1347335903623179212_n
552569591_2623408488009654_1347335903623179212_n
2025/09/24 9:37:59Khurelsukh Ukhnaa: Mongolia Will Steadfastly Support the United Nations’ Efforts to Safeguard International Peace and Security
thumbnail IMG-53aa676399b367af3d033aeee9ac14ee-V
IMG-53aa676399b367af3d033aeee9ac14ee-V
2025/09/24 10:02:00President Khurelsukh Participates in 80th UNGA General Debate
thumbnail 552236558_802276269006047_2579351184262018784_n
552236558_802276269006047_2579351184262018784_n
2025/09/24 9:59:48President of Mongolia Khurelsukh Ukhnaa Meets with President of Finland Alexander Stubb
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