EITI Board holds first meeting

iclasExtractive Industries Transparency Initiative Board held on December 7, 2006 its first meeting at the UN Headquarters in New York. Shahmar Movsumov, the Executive Director of the State Oil Fund of the Republic of Azerbaijan participated at the meeting as a member of the Board representing Azerbaijan government.

RAFI Oil joins EITI implementation process in Azerbaijan

neftRAFI Oil became 24th extractive sector company that joined Memorandum of Understanding on implementation of the Extractive Industries Transparency Initiative in Azerbaijan by signing the Instrument of Accession to MOU on October 25, 2006. 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. Inpex of Japan joined MOU later, on July 19, 2005, while Binagadi Oil signed the Instrument of Accession to MOU on October 13, 2006.

Binagadi Oil joins EITI implementation process in Azerbaijan

neft-2Binagadi Oil became 23rd extractive sector company that joined Memorandum of Understanding on implementation of the Extractive Industries Transparency Initiative in Azerbaijan by signing the Instrument of Accession to MOU. 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. Inpex of Japan joined MOU later, on July 19, 2005.

Azerbaijan affirmed as EITI Board member

bakuThe 3rd international Extractive Industries Transparency Initiative Conference opened October 16, 2006 in Oslo, Norway. Azerbaijan delegation took part at the conference. In his address about implementation of EITI in Azerbaijan Shahmar Movsumov, the Executive Director of the State Oil Fund of the Republic of Azerbaijan asserted that Azerbaijan government was ready to share its expertise with other countries. Addressing the conference other participants hailed Azerbaijan’s success on implementation of EITI.

SOFAZ Executive Director receives OSI West African Initiative representatives

adnfShahmar Movsumov, the Executive Director of the State Oil Fund received Dr. Nana Tanko, Executive Director of the Open Society Initiative for West Africa and Farda Asadov, Executive Director of the OSI Azerbaijan office. The issues concerning implementation of the Extractive Industries Transparency Initiative (EITI) in Azerbaijan, cooperation between the government of Azerbaijan and civil society and transparency in State Oil Fund’s activity were discussed at the meeting.

Deloitte to collate next EITI reports

deloiteExtractive Industries Transparency Initiative (EITI) reports for the first six months of the year 2006 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 (oil and gas) companies and the NGOs’ Coalition for Increasing Transparency in Extractive Industries to implement EITI in Azerbaijan. Tender has been announced by State Oil Fund of the Republic of Azerbaijan, as it is to pay audit company’s fees for collation of the next (fifth) cycle reports as per MOU.

The fifth EITI reporting cycle is underway in Azerbaijan

mhshtThe fifth reporting cycle on implementation of Extractive Industries Transparency Initiative (EITI) in Azerbaijan was launched on September 8, 2006 at the meeting 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. The Group decided to send invitations to bid to the Azerbaijan offices of the world-renown international audit companies.

EITI workshop held in Bonn

mhshtThe Extractive Industries Transparency Initiative workshop “Towards EITI Conference in Oslo 2006” was held on August 31-September 1, 2006 in Bonn, Germany. Shahmar Movsumov, the Executive Director of the State Oil Fund of the Republic of Azerbaijan participated at the workshop.

Azerbaijan discloses fourth EITI report

hesabat-2011This 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.

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