Azerbaijan affirmed as EITI Board member

As APA reports, Azerbaijan delegation took part at the conference.

In his address about implementation of EITI in Azerbaijan Shahmar Movsumov, the Executive Director of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) asserted that Azerbaijan government was ready to share its expertise with other countries.

Addressing the conference other participants hailed Azerbaijan’s success on implementation of EITI.

SOCAR told APA that the conference concluded establishment of the multisakeholder Board to manage EITI at the international level and to oversee the future operation of EITI.

According to the decision made at the conference, the EITI Board will consist of 5 representatives of implementing countries – Azerbaijan, Guinea, Gabon, Kyrgyzstan and Nigeria and 3 of supporting countries- the US, United Kingdom and Germany.

Moreover, civil society organizations, extractive industry companies and an investment company will also be the members of the Board.

Azerbaijan’s membership in the EITI Board corroborates the country's leading role in implementation of EITI as a pilot country, which has already published 4 EITI reports.