Press Statement

mhshtLocal press has resumed discussions on the incorrect statement made by the non-governmental organizations’ Coalition for Increasing Transparency in Azerbaijan a short while after the first Extractive Industries Transparency Initiative reports had been disclosed on March 15, 2005.

AGN Mak to collate next EITI reports

mhshtExtractive Industries Transparency Initiative (EITI) reports for the first 6 months of the year 2005 will be collated by AGN Mak Azerbaijan LTD 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. Tender has been announced by SOFAZ, as it is to pay the audit company’s fees for collation of the third cycle reports as per MOU.

EITI International Advisory Group holds first meeting

mhshtOn Friday 26 August, 2005, the inaugural meeting of the International Advisory Group (IAG) to the Extractive Industries Transparency Initiative was held at Lancaster House, London. Mr. Samir Sharifov, the Executive Director of the State Oil Fund of the Republic of Azerbaijan, Chairman of the EITI National Committee and member of the IAG represented Azerbaijan government at the meeting.

Azerbaijan shares its EITI experience with Kazakhstan

mhshtOn August 11, 2005 Executive Director of the State Oil Fund of the Republic Azerbaijan, Chairman of the National Committee on EITI Mr. Samir Sharifov paid a visit to Kazakhstan at the invitation of the Government of Kazakhstan. The visit was specially assigned by the President of Azerbaijan Mr. Ilham Aliyev and was aimed to assist the Government of Kazakhstan in implementation of the Transparency Initiative in extractive industries of Kazakhstan.

Azerbaijan discloses second EITI report

mhshtThis Press release is jointly prepared by Committee on EITI, extractive industry (oil and gas) companies and Non-Governmental Organizations (NGOs) Coalition for Increasing Transparency in the Extractive Industries of Azerbaijan.

INPEX of Japan joins EITI

mhshtINPEX Southwest Caspian Sea, Ltd., a subsidiary of INPEX of Japan became 22nd extractive sector company that joined Memorandum of Understanding on implementation of the Extractive Industries Transparency Initiative in Azerbaijan. Instrument of Accession to MOU was signed by INPEX on July 19, 2005. The National Committee on EITI, 21 foreign and local extractive industry (oil and gas) companies and non-governmental organizations signed MOU on November 24, 2004.

Deloitte & Touche to collate next EITI reports

mhshtExtractive Industries Transparency Initiative (EITI) reports for the year 2004 will 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. Tender has been announced by bp, as the foreign and local companies are to pay audit company’s fees for collation of the next (second) cycle reports as per MOU.

2nd EITI reporting cycle is underway in Azerbaijan

mhshtThe National Committee on Extractive Industries Transparency Initiative, the extractive industry (oil and gas) companies and non-governmental organizations, which are the parties to the Memorandum of Understanding on implementation of EITI in Azerbaijan held joint meeting on May 19, 2005. Samir Sharifov, Chairman of the EITI Committee informed the meeting participants that the second reporting cycle had already started in Azerbaijan in accordance with the Memorandum.

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