CEO: 'EITI next meeting will discuss restoration of Azerbaijan's status'

Tural Ibadli
Author

Baku. 12 July. REPORT.AZ/ 'The Extractive Industries Transparency Initiative (EITI) will hold its next meeting in October this year'.

Report informs, Chief Executing Officer of State Oil Fund of Azerbaijan (SOFAZ) Shahmar Movsumov told reporters.

'I suppose that restoration of Azerbaijan's status will be discussed at that meeting, he said.

Sh.Movsumov also said that report of the assessment mission will be announced in early August: 'The EITI assessment mission was in Baku on July 4-8. The group's report is expected to be announced in the coming month'.

Other News

Azeri Light crude nears $107 per barrel 06 November, 2026 / 10:07
Azerbaijan, Ukraine adopt cooperation plan at Uzhhorod meeting 06 November, 2026 / 09:40
Brent exceeds $100 06 November, 2026 / 09:31
Israel and Germany sign energy cooperation program for 2027 05 November, 2026 / 20:47
Kazakhstan plans to export 1.7 million tons of oil via BTC in 2027 05 November, 2026 / 19:29
Azerbaijan, Ukraine discuss 1,000 MW power plant in Mingachevir 05 November, 2026 / 14:20
Parviz Shahbazov: Baku aims to deepen energy partnership with Kyiv 05 November, 2026 / 14:16
Oil prices fall as US election results shift market outlook 05 November, 2026 / 09:59
Azeri Light oil price falls to $106 05 November, 2026 / 09:52
SOCAR, Comstock ink definitive purchase and sale agreement 05 November, 2026 / 09:18
Azerbaijani energy minister begins visit to Ukraine 04 November, 2026 / 21:47
Azerbaijan's associated gas production projected to rise 1.5% next year 04 November, 2026 / 21:17
ACG oil output forecast at 316,400 barrels per day in 2027 04 November, 2026 / 18:56
Serbia-Azerbaijan project to build gas-fired power plant opens for public consultation 04 November, 2026 / 17:12
BP to launch third phase of 4D seismic survey at ACG in January 2027 04 November, 2026 / 16:45
BP brings deep reservoir oil well online at ACG 04 November, 2026 / 15:35
Sangachal terminal exports 138 million barrels of oil and condensate 04 November, 2026 / 14:45
Sahil Babayev: SOCAR could fund gas network expansion in Azerbaijan 04 November, 2026 / 14:37
Documentary 'Crude & Ink: Stories Written in Oil' premieres in Baku 04 November, 2026 / 13:48
Shah Deniz produced 20 bcm of gas in nine months 04 November, 2026 / 13:00