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Governments of UK, Norway, Azerbaijan Sign Joint Statement on EITI

Oil&Gas Materials 6 June 2007 16:40 (UTC +04:00)

Azerbaijan, Baku / corr Trend I.Khalilova / The United Kingdom, Norway and Azerbaijan governments made a joint statement during the 15th session of the UN High-level Committee on South-South Cooperation in New York.

The State Oil Fund of Azerbaijan announced that the joint statement informs on the Extractive Industries Transparency Initiative (EITI) and its successful implementation in Azerbaijan. The statement especially underlines the fact of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) won the 2007 UN Public Service Award.

The statement emphasises the importance of regional cooperation. "We can take the example of the cooperation between Azerbaijan and Kazakhstan, where Azerbaijan shared its EITI experiences with Kazakhstan. We hope to witness more of these kind of regional cooperation initiatives."

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