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ONE OF SITTINGS OF INTERNATIONAL CONSULTING GROUP ON EITI TO BE HELD IN BAKU

Oil&Gas Materials 3 September 2005 12:31 (UTC +04:00)

The first sitting of the International Consulting Group on the Transparency Initiative in Extracting Industry (EITI) was held in London. The executive director of the State Oil Fund of the Azerbaijan Republic (SOFAR) Samir Sharifov took part in the event, SOFAR told Trend.

At the meeting, held under the chairmanship of the Transparency International head Peter Eigen, the project “The vision of the future of the transparency initiative” was presented, and discussions on further implementation of the initiative and its ratification took place.

The Minister for Minerals Development from Netherlands Obi Ezekvesili, the Norway’s State Secretary on International Development Leiv Lunde, the second deputy State Secretary of the USA Lari Greenwood and a number of foreign officials also participated in the event.

Sharifov reported the participants that 2 reports on the initiative are made public in Azerbaijan and the next one is underway. He also spoke out for carrying on such measures.

The BP Vice-President Graham Buxster appreciated highly this move of the Azerbaijan’s government.

The next meeting of the International Consulting Group on the Initiative of Transparency in the Extracting Industry will take place on 21 October in Washington. One more meeting is planned to be held on 5-6 April in Baku.

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