Extractive Industries Transparency Initiative (EITI) reports for the first six months of the year 2006 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 (oil and gas) companies and the NGOs’ Coalition for Increasing Transparency in Extractive Industries to implement EITI in Azerbaijan. Tender has been announced by State Oil Fund of the Republic of Azerbaijan, as it is to pay audit company’s fees for collation of the next (fifth) cycle reports as per MOU.

The Selection Group assessed the financial and technical proposals of the bidders on September 22, 2006. Five internationally recognized audit companies- Deloitte, PriceWaterHouseCoopers, Ernst & Young, KPMG and Moore Stephens - operating in the Republic of Azerbaijan were invited to bid.