Deloitte & Touche to collate EITI reports

mhshtExtractive Industries Transparency Initiative (EITI) reports are to be collated by Deloitte and Touche’s Azerbaijan office following the decision of the Selection Group, which was established in accordance with the Memorandum of Understanding signed between the governmental Committee on EITI, foreign and local extractive industry companies (oil and gas) and the NGOs’ Coalition for Increasing Transparency in Extractive Industries to implement EITI in Azerbaijan.

Azerbaijan introduces world’s first EITI implementation mechanism

mhshtA significant step to implement the Extractive Industries Transparency Initiative (EITI) in the Republic of Azerbaijan was taken on November 24, 2004. The governmental Committee on EITI, foreign and local extractive industry companies (oil and gas) and the NGOs’ Coalition for Increasing Transparency in Extractive Industries signed a Memorandum of Understanding (MOU) for realization of the mechanism on implementation of EITI in the Republic of Azerbaijan, the first time the initiative has been affected in the world.

«Caspian oil and gas-2004» discusses Azerbaijan’s implementation of EITI

mhshtThe importance of transparency in the development of the oil and gas sector was discussed on June 3 as part of the Caspian Oil and Gas 2004 conference in Baku. Samir Sharifov, Chairman of the National Committee on Extractive Industries Transparency Initiative (EITI) and Executive Director of the State Oil Fund, presided over the panel on “Caspian Regional Development – the role and strategic objectives of public sector multi-lateral organizations and regional and local economic impact", during which the importance of transparency in the economy was a focus.

EITI National Committee Chairman meets representatives of extractive sector companies

mhshtSamir Sharifov, Chairman of the National Committee on Extractive Industries Transparency Initiative (EITI) and Executive Director of the State Oil Fund , met on April 30 , 2004 with representatives of companies of Azerbaijan 's extractive sector to discuss a reporting form for companies under EITI and identify a possible “third party” that would aggregate the figures given in the reporting forms on payments to the government of the Republic of Azerbaijan.

Azerbaijan’s activity on EITI appreciated in London

mhshtSamir Sharifov, Chairman of the National Committee on Extractive Industries Transparency Initiative (EITI) and Executive Director of the State Oil Fund briefed on April 20 the senior representatives of the governments of the United Kingdom and Norway and the oil companies, international financial institutions, and non-governmental organizations on Azerbaijani government’s activity within the framework of EITI.

British Government hails Azerbaijan’s efforts in extractive sector transparency

mhshtSamir Sharifov, Executive Director of the State Oil Fund and Chairman of the National Committee on Extractive Industries Transparency Initiative (EITI) met on April 21, 2004 in London with Mr. William Ramel, UK Minister of State for Foreign Affairs. Mr. Sharifov informed the British official about the National Committee on EITI, which was established in November 2003 by the Ordinance of the Cabinet of Ministers of Azerbaijan following the instruction of President Ilham Aliyev of Azerbaijan. The Committee is charged with the task of ensuring the implementation of government’s obligations following Azerbaijan’s joining EITI at the International Conference on EITI held in London in June 2003.

Chairman of the National Committee on EITI receives policy adviser for UK’s Department for International Development

mhshtSamir Sharifov, Chairman of the National Committee on Extractive Industries Transparency Initiative (EITI) and Executive Director of the State Oil Fund received on March 30 a Policy Adviser of the Extractive Industries Team of the Department for International Development of the United Kingdom. The Committee Chairman informed Mr. Sefton Darby about the work done and meetings held by the Committee, including the discussions launched on March 18 with the Azerbaijan extractive sector companies to discuss a company reporting form under EITI.

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