Extractive Industries Transparency Initiative (EITI) reports for the year 2004 will be collated by Deloitte and Touche’s Azerbaijan office following the decision of the Selection Group, which was established in accordance with 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. Tender has been announced by bp, as the foreign and local companies are to pay audit company’s fees for collation of the next (second) cycle reports as per MOU.

Envelopes containing proposals from 2 internationally recognized audit companies- Deloitte & Touche and PriceWaterHouseCoopers - operating in the Republic of Azerbaijan were unsealed on May 23, 2005 at the meeting of the Selection Group to assess the financial and technical proposals of the bidders. Four companies were invited to bid, but Ernst & Young and Moore Stephens declined the invitation.