Number of EITI members ups

International Board of Extractive Industries Transparency Initiative (EITI) has adopted Peru and Mauritania as a full member of EITI, State Oil Fund of Azerbaijan (SOFAR) said on Monday.

It is stated in the information that the decision was made by the 19th international meeting of the Board, which was held in the town of Sussex (UK).

Executive director of SOFAR Shahmar Movsumov, who is chairman of the State Commission on EITI, and represents Azerbaijan in the international board, participated at the meeting of the board.

The total number of full members of the EITI reached 14 out of 35 countries that joined the initiative after the joining of Mauritania and Peru.
Azerbaijan joined the EITI process in 2003.

Azerbaijan was the first country that took the assessment process of EITI and became a full member of the EITI. Azerbaijan was awarded by EITI in 2009 for a complete correspondence of the country to EITI principles and criteria and for achievement of success in their application.


/Trend/