Aktual mövzular: Dollar alış-satışı , Hava haqqında, Məzənnə, Neftin qiyməti

SGC Upstream joins EITI implementation process in Azerbaijan

SGC Upstream joins EITI implementation process in Azerbaijan

Azerbaijan`s Interior Minister joins Berlin Security Conference (30 November 2016 22:46)
B.EST Solutions, ISESCO ink agreement on cooperation (23 November 2016 15:46)
Azerbaijan`s Embassy in Tallinn joins charity event (21 November 2016 18:46)

Date: 13 November 2015 12:01

Baku, November 13, AZERTAC
SGC Upstream became 39th 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. SGC Upstream will submit the 2014 EITI report on payments to the government of Azerbaijan (19th 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.
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 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.

Tags:  SGC Upstream joins EITI implementation process in Azerbaijan


Top news