Bank Of Baku

Azerbaijan explains next report on Extractive Industries Transparency Initiative

Azerbaijan explains next report on Extractive Industries Transparency Initiative
# 25 October 2010 14:57 (UTC +04:00)
Baku. Ali Ahmedov – APA-Economics. Today, the next meeting of multilateral group on Transparence Initiative in Industrial Spheres operating on Extractive Industries was held in State Oil Fund.

According to SOFAZ EITI explained next (13th) report on total income of Azerbaijani government from extractive industry. Report covers first 6 months of 2010.

Note that EITI is a global standard on securing of transparence in oil, gas and extractive industry supported by multilateral and companies, governments, investors and civil societies. Azerbaijan joined this process in 2003.
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THE OPERATION IS BEING PERFORMED