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Azerbaijan’s extractive industries commission adopts action plan

Oil&Gas Materials 18 April 2017 21:01 (UTC +04:00)
Extractive Industries Transparency Commission of Azerbaijan has held its first meeting
Azerbaijan’s extractive industries commission adopts action plan

Baku, Azerbaijan, Apr. 18

By Maksim Tsurkov – Trend:

Extractive Industries Transparency Commission of Azerbaijan has held its first meeting, Shahmar Movsumov, the chairman of the commission, the head of the State Oil Fund of Azerbaijan (SOFAZ), said at a press conference in Baku Apr. 18.

During the meeting, participants discussed statute of the commission, decision making process, collaboration with stakeholders, as well as content of 2016 Transparency Report, auditor selection procedure, list of extractive companies to be audited and made appropriate decisions, he said.

Besides, the commission’s 2017 Action Plan, reporting forms on transparency in extractive industries, terms of reference were discussed and appropriate decisions were made during the meeting, he added.

The Extractive Industries Transparency Commission was established in accordance with the decree of Azerbaijani President Ilham Aliyev dated April 5, 2017.

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