Executive Director of State Oil Fund takes part in EITI conference

Executive Director of the State Oil Fund of Azerbaijan Shahmar Movsumov took part at the 5th Extractive Industries Transparency Initiative (EITI) Global Conference in Paris.

During the Wednesday meeting Central African Republic, The Kyrgyz Republic, Niger, Nigeria, Norway, and Yemen have achieved Compliance with the Extractive Industries Transparency Initiative (EITI), the global standard for improved transparency in the oil, gas and mining sectors.

 The EITI Board designated them as “EITI Compliant”, bringing the total number of EITI Compliant countries up to 11. In addition, Guatemala and Trinidad and Tobago were welcomed as new EITI Candidate countries, bringing the total number of EITI implementing countries up to 35.


/AzerTAc/