GDF SUEZ Exploration Caspian B.V. became 27th extractive sector company that joined Memorandum of Understanding on implementation of the Extractive Industries Transparency Initiative in Azerbaijan by signing the Instrument of Accession to MOU on October 2, 2009. GDF SUEZ Exploration Caspian B.V. will submit the 2009 semi-annual report on payments to the government of Azerbaijan.
The National Committee on EITI, 21 foreign and local extractive industry (oil and gas) companies and non-governmental organizations signed MOU on November 24, 2004. Inpex of Japan, Binagadi Oil, RAFI Oil, NICO and Apsheron Investment Ltd joined MOU later by signing the Instrument of Accession.