Baku hosts meeting of EITI multi-stakeholder group
The meeting of the Multi-stakeholder Group (MSG) on implementation of Extractive Industries Transparency Initiative (EITI) in Azerbaijan was held on April 15, 2013.
The State Oil Fund of Azerbaijan (SOFAZ) reported that the meeting mulled holding an EITI International Conference on the occasion of the 10th anniversary of EITI implementation in Azerbaijan, preparations for National Expo in the framework of VI EITI Global Conference which will be held in Sydney, EITI implementation report 2012 and made appropriate decisions.
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.
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