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SOFAZ Executive Director attends 31st EITI Board Meeting

SOFAZ Executive Director attends 31st EITI Board Meeting

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Date: 10 December 2015 19:51

Baku, December 10, AZERTAC
A delegation led by Chairman of the National Extractive Industries Transparency Initiative (EITI) Commission, member of the EITI International Board and the Executive Director of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) Shahmar Movsumov is participating at the 31th EITI Board Meeting in Kiev, Ukraine.
At the last Board Meeting before the 2016 EITI Global Conference members discussed issues related to Validation process, internal governance and refinements to the EITI Standard.
Board members have also offered their condolences to the members of Azerbaijan`s delegation on the tragedy which took place at the platform in Gunashli oil field.
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 was awarded the "2009 EITI Award" for its commitment to EITI principles and criteria and achievements in EITI Implementation.

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