Bahar Operating Company Limited became 31st 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 February 11, 2011. Bahar Operating Company Limited will submit the 2010 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., Azerbaijan International Mining Company limited. Neftechala Operating Company Limited and Shirvan Operating Company Limited joined MOU later by signing the Instrument of Accession.