A meeting of the Committee on implementation of Extractive Industries Transparency Initiative (EITI) in Azerbaijan presided over by Shahmar Movsumov, Chairman of the Committee and the Executive Director of the State Oil Fund, was held on September 15, 2009. Shahmar Movsumov updated the members of the Committee on latest developments of EITI implementation.

The document on Formalization of Multi-Stakeholder Group for EITI Implementation in Azerbaijan was discussed at the meeting and mentioned the possibility of signing this document.

The Chairman informed that EITI International Board meeting will be held on 14-15 October, 2009 in Baku. Mr. Movsumov invited the members of the EITI Committee actively participate at the round table which will be held during the Board meeting.

Participants of the meeting also agreed to attract new extractive sector companies operating in the country to the EITI implementation process in Azerbaijan.