Tender for selecting an audit firm to collate EITI reports has been announced by the State Oil Fund of the Republic of Azerbaijan following the decision of the Selection Group to approve invitation to bid and Terms of Reference for Audit. Deadline for submission of bids is on 20th September, 2007 at 6 p.m.

The Selection Group 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. The group comprising representatives of the MOU signatories is charged with the task of selecting, on a competitive basis, an audit firm to collate reports to be submitted by the government and extractive sector companies. State Oil Fund provides logistical assistance to the Selection Group and its activities as per MOU.

The Selection Group reached a decision to send invitations to 5 internationally recognized audit companies - Ernst &Young, Deloitte, PricewaterhouseCoopers, Moore Stephens and KPMG operating in the Republic of Azerbaijan.