06.06.2008, 13:03
SOFAZ Executive Director Takes Part at EITI Board Meeting
OREANDA-NEWS. June 03, 2008. Chairman of the National EITI Committee, a member of the EITI Board and the Executive Director of the State Oil Fund of the Republic of Azerbaijan Shahmar Movsumov participated at the EITI Board meeting which was held in Madrid, reported the press-centre of SOFAZ.
Issues on EITI Implementation process were discussed at the meeting. It was noted that 23 countries, included Azerbaijan had already received candidate status. To become Compliant Country the country should go through a validation process.
It was also emphasized that Azerbaijan is the first country which officially launched the Validation process and it was praised by other Board members.
Mr. Movsumov also made an informative presentation on the current status of the EITI Resolution submitted by the Government of Azerbaijan.
Issues on EITI Implementation process were discussed at the meeting. It was noted that 23 countries, included Azerbaijan had already received candidate status. To become Compliant Country the country should go through a validation process.
It was also emphasized that Azerbaijan is the first country which officially launched the Validation process and it was praised by other Board members.
Mr. Movsumov also made an informative presentation on the current status of the EITI Resolution submitted by the Government of Azerbaijan.
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