SECTION
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OUR PARTNERS |
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INFLATION CALCULATOR |
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OUR COORDINATS |
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Coalition office Address: J. Jabbarli 44, Caspian Plaza 3, floor 9, Baku, AZ1065 tel/fax: (+99412) 437 13 20 |
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Azerbaijan discloses sixth EITI report(24/08/2004)
 The Committee on Extractive Industries
Transparency Initiative ("EITI") established by the Government of Azerbaijan
to implement its obligations taken at the conference on EITI held in June
2003 in London, on 24 August, 2007 announced the release of the Government’s
sixth EITI report (Jan-dec 2006 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.
The release of the Government’s fifth EITI report together with the Aggregator’s opinion follows presentation of the documents to the MOU parties on 26th January, 2007 and discussion on the outcomes of the reporting cycle. The publication of Azerbaijan’s sixth EITI report follows the signing of a Memorandum of Understanding ("MOU") on November 24, 2004 between the Government of Azerbaijan, foreign and local extractive industry companies and a coalition of some 90 local Non-Governmental Organisations ("NGO’s") for Increasing Transparency in Extractive Industries to implement EITI in Azerbaijan. The MOU set out a clear and independent process for the implementation of EITI in Azerbaijan and since its signing has served as the framework for implementation efforts by all parties. According to the Aggregator “…Assertion of the Committee on the EITI of the Republic of Azerbaijan, that the schedule of payments/allocations received during the year ended 31 December 2006 is prepared in accordance with the aforementioned requirements, is fairly stated in all material respects”. 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) and the International EITI Secretariat and the Non-Governmental Organizations (NGOs) Coalition for Increasing Transparency in the Extractive Industries of the Republic of Azerbaijan. Azerbaijan discloses sixth EITI report
Last correction date of the file: 24/7/2008 - 14:59:18 Other language version of the file: /az/ |
