EIT Annual Report 2017

Annual report

Announcements

The State Oil Fund of the Republic of Azerbaijan, which executes the current activities of the Extractive Industries Transparency Commission (hereinafter referred to as the Commission), holds a competition for the procurement of the service on preparation of consolidated Extractive Industries Transparency (EIT) reports covering 2018-2019 in line with international accounting standards, including reconciliation and analysis of the reports on payments made to public budget by local and foreign companies operating in the extractive industry of the Republic of Azerbaijan, as well as on revenues of government generated from utilization of natural resources and collection of general information in accordance with the Terms of Reference (hereinafter referred to as TOR).

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News

12 Jul.

July, 12 2019 17:46

Extractive Industries Transparency Commission held its next meeting

On July 21, 2019, the Extractive Industries Transparency Commission (EITC), held its next meeting at the State Oil Fund of the Republic of Azerbaijan (SOFAZ) with the participation of representatives of civil society, local and foreign extractive companies operating in Azerbaijan and international organizations.

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30 May.

May, 30 2019

Working Group on preparation of 2018 EIT report held its first meeting

On May 30, 2019, the Working Group, composed of representatives from Extractive Industries Transparency Commission (hereinafter referred as EITC), civil society and extractive companies operating in Azerbaijan held its first meeting at the State Oil Fund of the Republic of Azerbaijan.

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The Extractive Industries Transparency Commission established by according to the Decree of the President of the Republic of Azerbaijan "On additional measures to increase transparencey and accountability in the extractive industry" number 1315 dated April 5, 2017. The Commission on the basis of international principles implements the application of the principles of transparency and accountability in the extractive industry of the country and cooperates with extracting companies, civil society, experts and international organizations.

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