The meeting of the Multi-stakeholder Group (MSG) on implementation of Extractive Industries Transparency Initiative (EITI) in Azerbaijan presided over by Shahmar Movsumov, Chairman of the MSG and the Executive Director of the State Oil Fund, was held on October 25, 2010.

At the meeting Azerbaijan Government Committee on EITI announced the release of the Government's thirteenth EITI report (Jan-June 2010 assertion) audited by Moore Stephens, the independent Aggregator. The release is accompanied by the Aggregator's opinion based on individual submissions of extractive industry companies participating in the EITI process in Azerbaijan.

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

The full report as well as the Aggregator's opinion on the document has already been disclosed on web sites of the State Oil Fund (SOFAZ) (www.oilfund.az), the International EITI Secretariat (www.eiti.org) and the Non-Governmental Organizations (NGOs) Coalition for Increasing Transparency in the Extractive Industries of the Republic of Azerbaijan (www.eiti-az.org).

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 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.

Report of the Government of the Republic of Azerbaijan (host government) about aggregated receipts from the extractive industries. Reporting period January - June 2010 (semi-annual)

The Committee on the Extractive Industries Transparency Initiative of the Republic of Azerbaijan (Independent Accountants Report) For the 6 months ended 30 June 2010