oil fund

STATE OIL FUND OF THE REPUBLIC OF AZERBAIJAN

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

25 Jan 2005 11:00:00

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

25 Jan 2005 11:00:00
The report of the Government of the Republic of Azerbaijan about aggregated receipts from the extractive industry companies are submitted on January 25, 2005 to Deloitte & Touche after being discussed and approved by the members of the governmental Committee on Extractive Industries Transparency Initiative (EITI). The report covers 2003 and first six month of the year 2004.

Deloitte and Touche, Azerbaijan was selected on a competitive basis to collate 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 January 25th.

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