Neftechala Operating Company Ltd became 29th 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 March 03, 2010. Neftechala Operating Company Ltd will submit the 2009 annual report on payments to the government of Azerbaijan.

The National Committee on EITI, 21 foreign and local extractive industry companies and non-governmental organizations signed MOU on November 24, 2004. Inpex of Japan, Binagadi Oil, RAFI Oil, NICO, Apsheron Investment Ltd, GDF SUEZ Exploration Caspian B.V. and Azerbaijan International Mining Company limited joined MOU later by signing the Instrument of Accession.