Azerbaijan’s natural resources include petroleum, natural gas, iron ore, nonferrous metals and alumina. From 2000 – 2005 hydrocarbon goods made up 87% of total goods exports, equivalent to 26% of GDP.
Sources: IMF, US Department of State
EITI status: compliant
Visit Azerbaijan’s EITI page
2 March 2012 – The Public Finance Monitoring Centre and IIED hosted a workshop discussing EITI and its implementation in the country. In 2009 Azerbaijan was the first country to become EITI compliant and the workshop focussed on how Azerbaijan could expand and strengthen its EITI implementation. You can read a report summarising the workshop written by IIED.
Last Update 10.06.10
In October 2009, the PWYP-affiliated Azeri coalition ‘For Improving Transparency in Extractive Industries’ hosted a regional conference in Baku for organizations working on extractives industries transparency in Central Asia and the Caucuses. In addition to representatives from PWYP International and Revenue Watch Institute, civil society representatives from five countries – Kazakhstan, Kyrgyzstan, Mongolia, Georgia and Ukraine – travelled to participate in the conference.
The conference covered numerous topics, including: EITI innovations in different countries; challenges in the process and ways forward; the situation in Azerbaijan post-Validation; how to communicate EITI, coalition building, decision-making and management – amongst others.
Immediately afterwards, the EITI held its tenth Board meeting in Baku, on 14-15 October 2009.
In parallel to the preparation of the first official EITI MSG meeting, which took place at the end of January 2010, the Coalition of Azerbaijan Non-Government Organizations “For Improving Transparency in Extractive Industries,” (affiliated to PWYP) hosted two important events during Autumn 2009. The first one was a lecture given by an American expert on energy Security. Dr. Robert Cutler from Massachusetts University spoke about “Energy Security in the Caspian Basin” at office of the NGO Coalition. In October, coalition representatives met with the Executive Director of the World Bank, Dr. Ngozi Okonjo Iveala. The meeting happened on the initiative of Mr. Iveala, who wanted to capture the coalition’s views on EITI implementation in Azerbaijan, its positive effects and existing problems. Issues such as disaggregated reporting, contract transparency, negative points about activities of transnational companies and partnership with the World Bank and etc. were also mentioned.
Internal discussions on a law project titled “About Oil Fund” started on 30 January 2010 and gave way to a presentation in front of a wider public on 8 April 2010. Deputies, representatives of state agencies, mass media and NGOs, as well as delegates from the US, Norwegian, Turkish and Japanese embassies attended the conference.