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First Report on EITI in Kazakhstan Needs Clarification

Oil&Gas Materials 1 March 2008 12:14 (UTC +04:00)

Kazakhstan, Astana, 29 February /corr. Trend K.Konirova / The first EITI report in Kazakhstan can not be considered fully corresponding to the EITI criteria, Malik Isabeyov, Chairman of NGO Coalition 'Oil Revenues under Public Control', briefed the media in Astana.

"The report which calls to meet EITI Criteria, needs clarification, Isabayov said.

According to the head of the coalition, the report approved by the international audit company Deloitte does not indicate the total sum of the discrepancy between government and those of companies.

"The sum total of the discrepancy has not been determined yet which enables to define the total sum of the discrepancy from 4 to 26bln tangas," Isabayov said.

He also said that the data on the payments of the producing companies was considered in a generalized manner, not separately.

"Though the publication of the data on every company is not the mandatory requirement of EITI, many countries including Mongolia, Nigeria and Ghana decided to publish specified data," Isabayov said.

He said that the publication of first report on EITI in Kazakhstan marked the beginning of a new stage of realization of EITI in the country.

The EITI was established in September 2002 by the former prime minister of the Great Britain Tony Blair. The EITI aims at achieving transparency of data on the revenues of the extracting companies and the countries rich in natural resources.

The President of Khazakhstan Nursultan Nazarbayev supported EITI in 2005.

Coalition 'Oil Revenues under Public Control', was initiated in 2004 by 13 Kazakhstani public organizations and Soros-Kazakhstan foundation.

The correspondent can be contacted at: [email protected]

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