SOFAZ Executive Director takes part at the 36th EITI Board Meeting

 Delegation headed by the Executive Director of State Oil Fund of the Republic of Azerbaijan (SOFAZ), Chairman of government Commission on the Extractive Industries Transparency Initiative (EITI), Chairman of the EITI Multi-stakeholder Group Shahmar Movsumov participated at the 36th EITI Board Meeting held on March 8-9 in Bogota, Columbia.

During the meeting, participants discussed several issues and also made decision on the suspension of the status of four countries in EITI – Tajikistan, Kyrgyzstan, Solomon islands and Azerbaijan. Chairman of the government Commission and Multi-stakeholder Group Shahmar Movsumov made statement on the suspension of Azerbaijan’s status in EITI.

The meeting with participation of EITI NGO Coalition members held at SOFAZ

The meeting of the Chairman of the government Commission on Extractive Industries Transparency Initiative (EITI) Shahmar Movsumov with the wide participation of the members of the Coalition for Improving Transparency in Extractive Industries was held on February 7, 2017 at the State Oil Fund of the Republic of Azerbaijan (SOFAZ). Representatives of more than 50 NGOs participated in the meeting.
The main purpose of the meeting was to conduct an open dialogue between Coalition members which represent various interest groups, to organize an open platform for discussion of occurred split in opinions regarding Multi-stakeholder Group (MSG) representation, as well as general governance and continue to support EITI stakeholders in efficient, robust cooperation

The round table on EITI Mainstreaming held at SOFAZ

The round table on “EITI Mainstreaming” was held on February 02, 2017 at the State Oil Fund of the Republic of Azerbaijan (SOFAZ).

Head of EITI International Secretariat - Jonas Moberg, Executive Director of SOFAZ- Shahmar Movsumov, The World Bank Country Manager for Azerbaijan, Europe and Central Asia - Naveed Hassan Naqvi, members of World Bank, ADB, EBRD, NRGI, Government, NGO Coalition and local and foreign extractive companies operating in Azerbaijan attended the round table.

During the round table participants made discussions on the provision of EITI Mainstreaming concept to the public, bringing together all stakeholders and application of this concept and its benefits to the country.

EITI Multi-stakeholder Group held a meeting

The next meeting of the Multi-stakeholder Group (MSG) on implementation of the Extractive Industries Transparency Initiative (EITI) in Azerbaijan was held on December 20, 2016 at the State Oil Fund of the Republic of Azerbaijan (SOFAZ).

During the MSG meeting with the participation of the World Bank (WB) team, the EITI Mainstreaming mechanism and technical assistance for implementing of Mainstreaming was discussed by participants. 

Additionally, 2015 EITI Report, the EITI Board’s decision and corrective actions for Azerbaijan, EITI Terms of Reference, implementation status of Work Plan for the current year, defining the objectives of the 2017 Work Plan and agreement of the policy on the access, release and MSG policy on the re-use of EITI data were discussed and appropriate decisions were made during the meeting.

EITI Multi-stakeholder Group held a next meeting

The meeting of the Multi-stakeholder Group (MSG) on implementation of the Extractive Industries Transparency Initiative (EITI) in Azerbaijan was held on December 5, 2016 at the State Oil Fund of the Republic of Azerbaijan (SOFAZ).

The EITI Board’s decision and corrective actions for Azerbaijan, EITI impact analysis in Azerbaijan, assessment of the materiality of payments to State Social Protection Fund by companies in 2015, the definition of quasi-fiscal expenditures and the final draft of the Roadmap for disclosing of beneficial ownership information were discussed and appropriate decisions were made during the meeting.

Report of the Government of the Republic of Azerbaijan about aggregated receipts from the extractive industries (2015) reconciled by Moore Stephens was also presented to MSG members.

Azerbaijan retains Candidate status in EITI

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Delegation headed by the Executive Director of State Oil Fund of the Republic of Azerbaijan, Chairman of government Commission on the Extractive Industries Transparency Initiative (EITI), Chairman of the EITI Multi-stakeholder Group Shahmar Movsumov participated at the 35th EITI Board Meeting on October 24-26, 2016 in Astana, Kazakhstan.

During the meeting participants discussed Validation and status of Azerbaijan in EITI. The EITI Board agreed that Azerbaijan had made meaningful progress with implementing the EITI Standard with considerable improvements across several requirements compared to the first Validation in 2015.

Petronas Azerbaijan (Shah Deniz) S.A.R.L. joins EITI implementation process in Azerbaijan

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Petronas Azerbaijan (Shah Deniz) S.A.R.L. became 40th extractive sector company that joined Memorandum of Understanding (MOU) on implementation of the Extractive Industries Transparency Initiative (EITI) in Azerbaijan by signing the Instrument of Accession to MOU on October 20, 2016. Petronas Azerbaijan (Shah Deniz) S.A.R.L. will submit the 2015 EITI report on payments to the government of Azerbaijan (20th EITI report).

On June 10, 2014 38 local and foreign companies operating in extractive industries of Azerbaijan signed new Memorandum of Understanding in line with EITI Standard accepted at the 6th EITI Global Conference held in 2013.

 

Press conference on EITI held in SOFAZ

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The press conference for mass media was held in the State Oil Fund of the Republic of Azerbaijan (SOFAZ) on October 12, 2016.
Shahmar Movsumov, the Executive Director of SOFAZ, Chairman of government Commission on the Extractive Industries Transparency Initiative (EITI), Chairman of the EITI Multi-stakeholder Group (MSG) talked about the importance of the EITI implementation in the country and answered the questions of media representatives.
During the press conference, held with the attendance of MSG members, participants made presentations on EITI reports for the years 2013 and 2014, Opinion of the NGO Coalition on 2014 EITI Report and the website www.azeitireport.org. The media representatives were informed about the EITI implementation in Azerbaijan and activities in this field.

EITI Multi-stakeholder Group held a meeting

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The next meeting of the Multi-stakeholder Group (MSG) on implementation of Extractive Industries Transparency Initiative (EITI) in Azerbaijan was held on October 10, 2016 at the State Oil Fund of the Republic of Azerbaijan (SOFAZ).

During the meeting participants discussed EITI Validation conducted in Azerbaijan, draft text of EITI 2015 Report, the Road Map for the disclosure of information on Beneficial Ownership in extractive sector and made appropriate decisions.

EITI Secretariat made a presentation on comparative analysis of the structure of the MSG Secretariat and Multi-stakeholder Group in EITI implementing countries.

EITI Multi-stakeholder Group held a meeting

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The next Multi-stakeholder Group (MSG) meeting on implementation of Extractive Industries Transparency Initiative (EITI) in Azerbaijan was held on August 22, 2016 at the State Oil Fund of the Republic of Azerbaijan (SOFAZ).


During the meeting participants discussed the preparations of the Road Map for the disclosure of information on Beneficial Ownership in extractive sector, Inception report for 2015 EITI Report, EITI Validation process, E-Reporting in EITI countries and possibilities of implementing this system in Azerbaijan, disclosing the EITI processes and their results to the public and other issues. The meeting participants have also accepted MSG Code of Conduct.

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