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2025/10/17
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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.”

 

FEATURED

  • 2025/10/16 3:47:27President of Mongolia Confers State Decorations on Indian Citizens
  • 2025/10/16 3:04:24President of Mongolia Receives Speaker of India’s Lower House Om Birla
  • 2025/10/16 2:52:15Over 150 Enterprises Attend India-Mongolia Business Forum
  • 2025/10/15 3:10:14President Khurelsukh Ukhnaa Lays Wreath at Mahatma Gandhi Memorial
  • 2025/10/15 3:06:59President Khurelsukh Ukhnaa Meets President Droupadi Murmu
  • 2025/10/15 11:54:00Mongolia and India Sign Documents for Broader Cooperation
  • 2025/10/15 11:48:14President Khurelsukh Ukhnaa Holds Official Talks with Prime Minister Narendra Modi
  • 2025/10/14 7:16:21Prime Minister of India Welcomes President of Mongolia
  • 2025/10/14 11:55:53Indian External Affairs Minister Pays Courtesy Call on President Khurelsukh
  • 2025/10/13 4:45:31President of Mongolia Arrives in India for State Visit

GALLERY

thumbnail received_660411626869651
received_660411626869651
2025/10/16 3:47:27President of Mongolia Confers State Decorations on Indian Citizens
thumbnail 68f0657c8b4d0
68f0657c8b4d0
2025/10/16 3:04:24President of Mongolia Receives Speaker of India’s Lower House Om Birla
thumbnail 566490196_1331060441795499_6394994217873997481_n
566490196_1331060441795499_6394994217873997481_n
2025/10/16 2:52:15Over 150 Enterprises Attend India-Mongolia Business Forum
thumbnail received_843529181431288
received_843529181431288
2025/10/15 3:10:14President Khurelsukh Ukhnaa Lays Wreath at Mahatma Gandhi Memorial
thumbnail received_1092820602840736
received_1092820602840736
2025/10/15 3:06:59President Khurelsukh Ukhnaa Meets President Droupadi Murmu
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