It is with regret that we have received the decision from the Government of Azerbaijan announcing that they are withdrawing from the EITI.
The EITI Chair, Fredrik Reinfeldt, former Prime Minister of Sweden, commented:
Second Validation concludes meaningful progress, but more is needed.
A mission to Azerbaijan was recently completed. The mission took place following concerns expressed at Board meetings about the extent to which civil society representatives can play their role in the EITI. The findings of the mission will be considered by the International Board when it meets in Myanmar on 13 October. Until then, the EITI will not make any further comments.
EITI Report for 2011 published.
On 20 June, Azerbaijan published its 14th EITI report disclosing company payments and government revenues from the extractive sector in the period January - December 2010. The report covers revenues from oil, gas, silver and gold industries. The report was prepared by Moore Stephens and is available on the State Oil Fund (SOFAZ) website.
As we approach half-way through 2010, it is proving to be as momentous for the EITI as expected. Although most of the 22 first EITI countries did not complete the validation of their EITI processes by their deadlines, eyes are now turned towards those granted short extensions to complete by September.
EITI will hold its 10th Board meeting in Baku 14-15 October 2009. The Government of Azerbaijan, the first country to complete EITI validation, will host the meeting.
On 3 June 2008, the Government of the Republic of Azerbaijan announced the release of the Government's eighth EITI report (Jan-Dec 2007). The release is accompanied by the Aggregator's opinion based on individual submissions of extractive industry companies participating in the EITI process in Azerbaijan.