Baku. Agshin Rafigoglu – APA-Economics. The next meeting of the Multi-stakeholder Group (MSG) on implementation of Extractive Industries Transparency Initiative (EITI) in Azerbaijan was held on January 26, 2016.
The meeting participants discussed and then adopted the 2016 EITI Work Plan and the EITI Report for 2014.
During the meeting participants also discussed corrective actions and execution of Activity Plan for restoration of Azerbaijan’s EITI Compliant Country status.
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 was awarded the "2009 EITI Award" for its commitment to EITI principles and criteria and achievements in EITI Implementation.