Extractive Industries Transparency Initiative (EITI) reports for the first six months of the year 2007 will be collated by Moore Stephens Azerbaijan Limited 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 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 (seventh) cycle reports as per MOU.

The Selection Group assessed the financial and technical proposals of the bidders on September 21, 2007. Five internationally recognized audit companies- Deloitte, PricewaterhouseCoopers, Ernst & Young, Moore Stephens and KPMG - operating in the Republic of Azerbaijan were invited to bid.

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