The meeting of the Multi-stakeholder Group (MSG) on implementation of Extractive Industries Transparency Initiative (EITI) in Azerbaijan was held on July 17, 2012.

In accordance with the agreed process the Coalition of Azerbaijan Non-Government Organization for Improving Transparency in Extractive Industries presented Opinion on the 16th EITI report (2011, annual) and Independent Accountant's report.The new report, which includes report of Azerbaijan Government Committee on EITI, Statement of Coalition of Azerbaijan Non-Government Organizations for Improving Transparency in Extractive Industries and Independent Accountant's Opinion was presented at the meeting.

Other issues on EITI implementation in Azerbaijan were discussed at the meeting.

EITI is a special multilateral and voluntary initiative, supported by a coalition of companies, governments, investors and civil society organizations and global standard for improved transparency in the oil, gas and mining sector. Azerbaijan joined EITI in 2003. Azerbaijan is the first ever country to complete validation process and is designated as EITI Compliant Country. Azerbaijan was awarded the "2009 EITI Award" for its commitment to EITI principles and criteria and achievements in EITI Implementation.