oil fund

STATE OIL FUND OF THE REPUBLIC OF AZERBAIJAN

Next EITI report of the Government of Azerbaijan has been submitted for collation

16 Jun 2005 11:00:00

Next EITI report of the Government of Azerbaijan has been submitted for collation

16 Jun 2005 11:00:00

The second report of the Government of the Republic of Azerbaijan about aggregated receipts from the extractive industry companies were submitted on June 16, 2005 to Deloitte & Touche by the governmental Committee on Extractive Industries Transparency Initiative (EITI). The report covers the year 2004.

Deloitte and Touche, Azerbaijan was selected on a competitive basis to collate second cycle (2004) reports to be submitted by the government and extractive sector companies as per 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 oil and gas companies, which are signatories of MOU are also to submit their individual reports on their payments to the Government of Azerbaijan to Deloitte and Touche, Azerbaijan by June 16th.

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