EITI Multi-stakeholder Group held a meeting

The next meeting of the Multi-stakeholder Group (MSG) on implementation of the Extractive Industries Transparency Initiative (EITI) in Azerbaijan was held on December 20, 2016 at the State Oil Fund of the Republic of Azerbaijan (SOFAZ).

During the MSG meeting with the participation of the World Bank (WB) team, the EITI Mainstreaming mechanism and technical assistance for implementing of Mainstreaming was discussed by participants. 

Additionally, 2015 EITI Report, the EITI Board’s decision and corrective actions for Azerbaijan, EITI Terms of Reference, implementation status of Work Plan for the current year, defining the objectives of the 2017 Work Plan and agreement of the policy on the access, release and MSG policy on the re-use of EITI data were discussed and appropriate decisions were made during the meeting.

EITI Multi-stakeholder Group held a next meeting

The meeting of the Multi-stakeholder Group (MSG) on implementation of the Extractive Industries Transparency Initiative (EITI) in Azerbaijan was held on December 5, 2016 at the State Oil Fund of the Republic of Azerbaijan (SOFAZ).

The EITI Board’s decision and corrective actions for Azerbaijan, EITI impact analysis in Azerbaijan, assessment of the materiality of payments to State Social Protection Fund by companies in 2015, the definition of quasi-fiscal expenditures and the final draft of the Roadmap for disclosing of beneficial ownership information were discussed and appropriate decisions were made during the meeting.

Report of the Government of the Republic of Azerbaijan about aggregated receipts from the extractive industries (2015) reconciled by Moore Stephens was also presented to MSG members.

Azerbaijan retains Candidate status in EITI

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Delegation headed by the Executive Director of State Oil Fund of the Republic of Azerbaijan, Chairman of government Commission on the Extractive Industries Transparency Initiative (EITI), Chairman of the EITI Multi-stakeholder Group Shahmar Movsumov participated at the 35th EITI Board Meeting on October 24-26, 2016 in Astana, Kazakhstan.

During the meeting participants discussed Validation and status of Azerbaijan in EITI. The EITI Board agreed that Azerbaijan had made meaningful progress with implementing the EITI Standard with considerable improvements across several requirements compared to the first Validation in 2015.

Petronas Azerbaijan (Shah Deniz) S.A.R.L. joins EITI implementation process in Azerbaijan

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Petronas Azerbaijan (Shah Deniz) S.A.R.L. became 40th extractive sector company that joined Memorandum of Understanding (MOU) on implementation of the Extractive Industries Transparency Initiative (EITI) in Azerbaijan by signing the Instrument of Accession to MOU on October 20, 2016. Petronas Azerbaijan (Shah Deniz) S.A.R.L. will submit the 2015 EITI report on payments to the government of Azerbaijan (20th EITI report).

On June 10, 2014 38 local and foreign companies operating in extractive industries of Azerbaijan signed new Memorandum of Understanding in line with EITI Standard accepted at the 6th EITI Global Conference held in 2013.

 

Press conference on EITI held in SOFAZ

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The press conference for mass media was held in the State Oil Fund of the Republic of Azerbaijan (SOFAZ) on October 12, 2016.
Shahmar Movsumov, the Executive Director of SOFAZ, Chairman of government Commission on the Extractive Industries Transparency Initiative (EITI), Chairman of the EITI Multi-stakeholder Group (MSG) talked about the importance of the EITI implementation in the country and answered the questions of media representatives.
During the press conference, held with the attendance of MSG members, participants made presentations on EITI reports for the years 2013 and 2014, Opinion of the NGO Coalition on 2014 EITI Report and the website www.azeitireport.org. The media representatives were informed about the EITI implementation in Azerbaijan and activities in this field.

EITI Multi-stakeholder Group held a meeting

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The next meeting of the Multi-stakeholder Group (MSG) on implementation of Extractive Industries Transparency Initiative (EITI) in Azerbaijan was held on October 10, 2016 at the State Oil Fund of the Republic of Azerbaijan (SOFAZ).

During the meeting participants discussed EITI Validation conducted in Azerbaijan, draft text of EITI 2015 Report, the Road Map for the disclosure of information on Beneficial Ownership in extractive sector and made appropriate decisions.

EITI Secretariat made a presentation on comparative analysis of the structure of the MSG Secretariat and Multi-stakeholder Group in EITI implementing countries.

EITI Multi-stakeholder Group held a meeting

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The next Multi-stakeholder Group (MSG) meeting on implementation of Extractive Industries Transparency Initiative (EITI) in Azerbaijan was held on August 22, 2016 at the State Oil Fund of the Republic of Azerbaijan (SOFAZ).


During the meeting participants discussed the preparations of the Road Map for the disclosure of information on Beneficial Ownership in extractive sector, Inception report for 2015 EITI Report, EITI Validation process, E-Reporting in EITI countries and possibilities of implementing this system in Azerbaijan, disclosing the EITI processes and their results to the public and other issues. The meeting participants have also accepted MSG Code of Conduct.

Seminar on EITI implementation was held

A seminar on Extractive Industries Transparency Initiative (EITI) reporting was conducted in the State Oil Fund of the Republic of Azerbaijan (SOFAZ) on 22 July 2016. The main goal of the event was to improve the quality of the data and decrease the number of discrepancies in the newly started 2015 EITI reporting cycle. Government, companies, the civil society representatives and also NGO Coalition members participated in the seminar. In the course of the event, the representatives of the Azerbaijan EITI Secretariat made presentation on major changes in EITI Standard updated in Peru 2016, the representative of Moore Stephens audit company which will prepare 2015 EITI Report presented analysis of errors made in the last reporting cycle and issues to be considered for the next reporting cycle. The members of NGO Coalition talked about the overall role of civil society in the EITI and importance of mutual cooperation between NGOs and companies. The seminar was conducted based on interactive methods and Q&A sessions.

EITI Multi-stakeholder Group held a meeting

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The Multi-stakeholder Group (MSG) meeting on implementation of Extractive Industries Transparency Initiative (EITI) in Azerbaijan was held on June 29, 2016 at the State Oil Fund of the Republic of Azerbaijan (SOFAZ).
During the meeting, the participants discussed the next Validation process and 2015 EITI Progress Report.
The meeting participants also discussed the results of the request for proposals on selection of the independent administrator (auditor) company for EITI reports covering the years 2015, 2016, 2017 (20, 21, 22nd EITI report). The Multi-Stakeholder Group decided that Moore Stephens will carry out the administration (gathering the information from mining companies and reconciling the figures) of reports for next 3 years.
During the MSG meeting Baker and McKenzie was selected to provide legal and counselling services on the preparation of a Road Map for the disclosure of information on Beneficial Ownership in extractive sector.

EITI Multi-stakeholder Group held a meeting

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The next meeting of the Multi-stakeholder Group (MSG) on implementation of Extractive Industries Transparency Initiative (EITI) in Azerbaijan was held on April 15, 2016 at the State Oil Fund of the Republic of Azerbaijan.

 
During the meeting participants got information about the latest updates on EITI and also held discussions on the Auditor’s Terms of Reference for the next EITI reporting and adaptation of the reporting to the newly adopted Standards, execution of the Action Plan for the upcoming validation and restoration of compliant status, recommendation document prepared by the Oil Workers’ Rights Protection Organization, web site built jointly by the Natural Resource Governance Institute (NRGI) and NGO Coalition (azeitireport.org), EITI Standards updated at the VII EITI Global Conference held in Lima on February 24-25, 2016, Activity Report for 2015, Ethic Codecs of MSG, presentation of the opinion of the Coalition of NGOs on Increasing Transparency in Extractive Industries on 2014 EITI Report and other issues.

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