The third and final seminar of Chatham House dedicated to Upgrade of the management of national oil companies was held on June 1-2 in British National Academy of Sciences in London within the two-year project Upgrade of management.
The meeting brought together the representatives of various companies and international financial institutions from more than 15 countries around the world, primarily Near East, South and Central America, Norway, Great Britain and etc, Trend reports quoting the participant of the seminar Inglab Ahmadov, the head of the monitoring center of public finance.
According Ahmadov, during the seminar, the investigations conducted by Chatham House were announced and the participants exchanged experiences in this sphere and spoke about the ways of raising the effectiveness and transparency of activities of the companies
Ahmadov stressed that during the seminar, there were discussed the situation in this plan in Azerbaijan, different problems of the State Oil Company of Azerbaijan Republic (SOCAR) and mechanism of mutual relations with foreign companies within Production Sharing Agreements (PSA).
During the meeting, there was made a decision to conduct regional conferences in the future. I proposed to hold a conference of this topic in Azerbaijan, said Ahmadov.
Established in London in 1920, Chatham House is also known as King Institution of international affairs of which goal is to stimulate debates and investigations in the sphere of policy, business and other key question in the international arena.