APSHERON INVESTMENTS LTD BECOMES PARTY TO MOU ON EITI IN AZERBAIJAN

The Apsheron Investments Ltd, the newly established company, signed on February 6 the Memorandum of Understanding on the Extractive Industries Transparency Initiative in Azerbaijan.

By signing the document, Apsheron Investments Ltd will have to include the information on payments to the Azerbaijan Government in the 8th EITI report.

Apsheron Investments Ltd became the 26th company to join the MOU on EITI.

The MOU was signed on November 24, 2004 by 21 foreign and local companies operating in Azerbaijan (SOCAR, BP-Azerbaijan, Exxon, Statoil, Total, Lukoil, Chevron, Shell, Devon Energy etc). Later, four more companies (Inpex Azerbaijan, Binagadi Oil, RAFI Oil and NICO) also became parties to the MOU.