SECOND REPORT ON EITI FOR 2004 WAS MADE PUBLIC
The second report of the AzerbaijanвЂ™s extracting industry revenues for 2004 developed by the Deloitte company at the order of the AzerbaijanвЂ™s governmental commission on implementation of the Extracting Industry Transparency Initiative (EITI) was made public on 4 August.
The report published contains the opinion of the auditing company, developed on the basis of analyses of the companiesвЂ™ individual reports, engaged in the oil and gas sphere, Trend reports.
The CommissionsвЂ™ chairman Samir Sharifov noted, вЂњaccomplishment of the audit proves once more, that Azerbaijan remains faithful to the commitment to manage oil revenues transparentlyвЂќ.
Bp Azerbaijan President David Woodward noted, вЂњthe company welcomes the CommissionsвЂ™ report, which displays successful cooperation in performing transparency by the Coalition of foreign and local companies, NGO and the government of Azerbaijan. To my mind, it is one of the correct moves, made for ensuring the maximum benefit from revenuesвЂќ.
On behalf of the Coalition of the non-governmental organizations, Sabit Bagirov noted, вЂњthe fact that the report was made publicвЂќ is praiseworthy and proof of ongoing EITI implementation in Azerbaijan. The Coalition hopes, the Memoradum improvement draft will be also ready and made public shortlyвЂќ.