oil fund

STATE OIL FUND OF THE REPUBLIC OF AZERBAIJAN

EITI Multi Stakeholder Group held a meeting

09 Dec 2014 17:15:26

EITI Multi Stakeholder Group held a meeting

09 Dec 2014 17:15:26

The meeting of the Multi-stakeholder Group (MSG) on implementation of Extractive Industries Transparency Initiative (EITI) in Azerbaijan was held on December 9, 2014.

During the meeting MSG members discussed organization and realization processes of EITI Validation in Azerbaijan and other related issues.

EITI is a special multilateral and voluntary initiative, supported by a coalition of companies, governments, investors and civil society organizations and global standard for improved transparency in the oil, gas and mining sector. Azerbaijan joined EITI in 2003. Azerbaijan is the first ever country to complete validation process and designated as EITI Compliant Country. Azerbaijan was awarded the "2009 EITI Award" for its commitment to EITI principles and criteria and achievements in EITI Implementation.

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