TODAY.AZ / Business

SOFAZ, OSIWA chiefs meet

05 October 2006 [18:50] - TODAY.AZ
Executive Director of the Azerbaijan State Oil Fund (SOFAZ) Shahmar Movsumov met with executive director of the Open Society Initiative for West Africa (OSIWA) Nana Tanko and head of the Open Society Institute-Soros Foundation Farda Asadov.

The meeting focused on application of the Extractive Industries Transparency Initiative (EITI) in Azerbaijan, civil society-government cooperation to implement the initiative and ensure SOFAZ transparency.

Movsumov said that Azerbaijan Government attaches a great important to EITI application. According to him, Azerbaijan has already released 4 EITI reports and non-governmental organizations cooperate with the Coalition for Increasing Transparency in the Extractive Industries, foreign and local extractive companies. Movsumov expressed the willingness to share Azerbaijan's experience with the other countries that acceded to the EITI.

According to Tanko, unlike other countries Azerbaijan achieved impressive accomplishments in its application. During the meeting, the visitors were curious about the SOFAZ activity. AzerTAg

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