oil fund

STATE OIL FUND OF THE REPUBLIC OF AZERBAIJAN

EITI Multi-stakeholder group starts the realization of “Roundtables in regions”

10 Apr 2015 09:22:32

EITI Multi-stakeholder group starts the realization of “Roundtables in regions”

10 Apr 2015 09:22:32

On April 10, 2015 The Multi-stakeholder Group (MSG) on implementation of Extractive Industries Transparency Initiative (EITI) in Azerbaijan started the realization of the action step named “Roundtables in regions” in accordance with its Work plan for 2015. Within the action step supported by the World Bank, MSG members will hold number of meetings in various regions with the purpose of enlightening the civil society, representatives of local administrative entities and the citizens on the activities of EITI. First meeting was held in Shirvan during which MSG members gave detailed information on the implementation of EITI in Azerbaijan.

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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