OFFICIAL NEWS
PRESIDENT ILHAM ALIYEV RECEIVES CHAIR OF CASPIAN DEVELOPMENT ADVISORY PANEL JAN LESCHLY AND ACCOMPANYING DELEGATION
On 18 October, President of Azerbaijan Ilham Aliyev received Chair of the Caspian Development Advisory Panel Jan Leschly and accompanying delegation to discuss issues concerning transparency in extracting industry in Azerbaijan and development of energy sector in the region. Mr. Leschly mentioned the significance of the steps taken in this field by the Azerbaijani leader noting the importance for his group to exchange views on rising oil price, and current and prospective management of oil revenues.
President Ilham Aliyev said Azerbaijan was one of the first to join the Extracting Industries Transparency Initiative and is pursuing the policy allowing the public to be kept informed on the amount and management of the revenues collected in the State Oil Fund. He added this policy yields its fruit and is to be continued.