EITI holds 19th Board meeting in Sussex
Baku, February 20 (AZERTAC). The 19th meeting of International Board of the Extractive Industries Transparency Initiative (EITI) was held on 14-15 February, 2012 in Sussex, England.
Chairman of the National EITI Committee, a member of the EITI International Board and the Executive Director of the State Oil Fund of the Republic of Azerbaijan (SOFAR) Shahmar Movsumov attended at the event.
As stated, Mauritania and Peru were accepted as Compliant Countries by EITI International Board at the meeting. Thus, 14 countries out of 35 EITI Member are now EITI Compliant.
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 is the first ever country to complete validation process and is designated as EITI Compliant Country. Azerbaijan was awarded the "2009 EITI Award" for its commitment to EITI principles and criteria and achievements in EITI Implementation.
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