oil fund

STATE OIL FUND OF THE REPUBLIC OF AZERBAIJAN

SOFAZ Executive Director makes presentation within the 2007 Global Compact Leaders Summit

10 Jul 2007 12:06:00

SOFAZ Executive Director makes presentation within the 2007 Global Compact Leaders Summit

10 Jul 2007 12:06:00

The delegation headed by Shahmar Movsumov, the Executive Director of the State Oil Fund of the Republic of Azerbaijan, the Chairman of the National Committee on EITI participated at the 2007 Global Compact Leaders Summit on "Facing Realities: Getting down to Business" chaired by Ban Ki-Moon, the UN Secretary-General on July 5-6, 2007 in the United Nations Office in Geneva, Switzerland . He made a presentation on "EITI Implementation in Azerbaijan", during the seminar on "Revenue Transparency and Natural Resource Extraction - Progress and Challenges of the Extractive Industries Transparency Initiative" on July 6, the second day of the Summit. The representatives of different countries displayed interest in the leading role of Azerbaijan in implementation of EITI. Many officials from different countries extended their congratulations to the delegation of Azerbaijan on the State Oil Fund's winning the prestigious 2007 UN Public Service Award in the category of "Improving transparency, accountability and responsiveness in the Public Service".

Supachai Panitchpakdi, Secretary-General of United Nations Conference on Trade and Development (UNCTAD), Jonas Moberg, the Head of the EITI Secretariat and Mark Moody-Stuart, the Chairman of Anglo American made remarks at the panel chaired by Peter Eigen, the Chairman of the EITI.

Elchin Amirbayov, the Permanent Representative of the Republic of Azerbaijan to the United Nations Office and other international organizations at Geneva, as well as about 1,000 top executives of participating companies, heads of international labour, civil society and United Nations agencies, government officials attended the Summit.

Subscribe to our News