The Multi-stakeholder Group (MSG) on implementation of Extractive Industries Transparency Initiative (EITI) in Azerbaijan held meeting on February 23, 2011. EITI reports covering the year 2010 (14th EITI reporting cycle) will be collated by Moore Stephens following the unanimous decision of the MSG, based on a tender announced, where seven companies (Deloitte, PriceWaterHouseCoopers, Ernst & Young, Euro Audit MMC - member of the Nexia International audit company, Moore Stephens, Baker Tilly Audit Azerbaijan, MAK Azerbaijan LTD.) took part.

In addition, "National Exhibition" to be held in Paris on March, 2-3, on EITI Global Conference was 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 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.