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2025/07/09
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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

thumbnail 516556895_1401492031157754_9116450663623651940_n (1)
516556895_1401492031157754_9116450663623651940_n (1)
2025/07/08 10:21:56Their Majesties the Emperor and Empress of Japan Visit Memorial Complex for Japanese Nationals
thumbnail 515153697_1094120232617147_4756120391160394512_n
515153697_1094120232617147_4756120391160394512_n
2025/07/08 10:17:01President of Mongolia and First Lady Hold Official Meeting with Their Majesties the Emperor and Empress of Japan
thumbnail 514677703_748111194372690_1840022060456074353_n
514677703_748111194372690_1840022060456074353_n
2025/07/08 10:09:13Their Majesties the Emperor and Empress of Japan Officially Welcomed
thumbnail 515835913_1242756100976975_2659164426468743378_n
515835913_1242756100976975_2659164426468743378_n
2025/07/07 4:46:58His Majesty the Emperor of Japan Introduced to Gachuurt Water Source Project
thumbnail 514071687_1252644726646022_2197402955533721312_n
514071687_1252644726646022_2197402955533721312_n
2025/07/07 4:28:01His Majesty Emperor Naruhito of Japan Visits Chinggis Khaan National Museum
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