oil fund

STATE OIL FUND OF THE REPUBLIC OF AZERBAIJAN

EITI Multi Stakeholder Group held a meeting

12 Mar 2015 15:14:14

EITI Multi Stakeholder Group held a meeting

12 Mar 2015 15:14:14

The meeting of the Multi-stakeholder Group (MSG) on implementation of Extractive Industries Transparency Initiative (EITI) in Azerbaijan was held on March 12, 2015.

During the meeting MSG members discussed the Validation process in Azerbaijan, draft of the 2015 EITI Work plan, “Protecting the Cornerstone, Assessing the Governance of Extractive Industries Transparency Initiative Multi-Stake Groups” report and other 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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