The next half-year 2005 report within Extraction Industry Transparency Initiative (EITI) will be disclosed by the end of June, Trend reports quoting Sabit Bagirov, EITI Council coordinator.
Bagirov said the reporting was awarded to Deloytte & Touche on tender basis.
Four leading audit companies operating in Azerbaijan, Deloytte & Touche, Ernst & Young, PriceWaterhouseCoopers, Moore Stephens Azerbaijan, have been invited to the tender.
В"This year we expect significant oil revenues in amount of $1.04bn to get distributed in a few spheres, in particular refugees, water pipeline from Gabala, Samur-Absheron channel reconstruction and soВ", he said.
This time oil companies shall compensate the audit company work in amount of up to $50k.
In 2003 and 2004, audits were performed by Deloytte, and in first half-year 2005 by AGN Mak Azerbaijan LTD within Accountants Global Network.