ID :
36208
Thu, 12/18/2008 - 12:50
Auther :
Shortlink :
https://www.oananews.org//node/36208
The shortlink copeid
AZERBAIJAN RELEASES EIGHTH EITI REPORT
Baku, 17 December,(AzerTAj)According to the press release jointly prepared by Committee on Extractive Industries Transparency Initiative, extractive industry companies and Non-Governmental Organizations Coalition for Increasing Transparency in the Extractive Industries of Azerbaijan, the Committee on EITI established by
the Government of Azerbaijan to implement its obligations taken at the conference on EITI held in June 2003 in London, on 12 December, 2008 announced the release of the Government's ninth EITI report (Jan-June 2008 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 ninth EITI report together with the Aggregator's
opinion follows presentation of the documents to the MOU parties on 12 December,
2008 and discussion on the outcomes of the reporting cycle.
The publication of Azerbaijan's ninth 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
115 Non-Governmental Organizations ("NGO's") and 15 individual persons 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
six months ended 30 June 2008 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), the International EITI
Secretariat and the Non-Governmental Organizations (NGOs) Coalition for Increasing
Transparency in the Extractive Industries of the Republic of Azerbaijan.
At the same time during the meeting participants were informed on the most recent
processes on validation, validator's work schedule, also the validation forms and
documents were introduced to participants.
-0-
the Government of Azerbaijan to implement its obligations taken at the conference on EITI held in June 2003 in London, on 12 December, 2008 announced the release of the Government's ninth EITI report (Jan-June 2008 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 ninth EITI report together with the Aggregator's
opinion follows presentation of the documents to the MOU parties on 12 December,
2008 and discussion on the outcomes of the reporting cycle.
The publication of Azerbaijan's ninth 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
115 Non-Governmental Organizations ("NGO's") and 15 individual persons 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
six months ended 30 June 2008 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), the International EITI
Secretariat and the Non-Governmental Organizations (NGOs) Coalition for Increasing
Transparency in the Extractive Industries of the Republic of Azerbaijan.
At the same time during the meeting participants were informed on the most recent
processes on validation, validator's work schedule, also the validation forms and
documents were introduced to participants.
-0-
