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Sovereign Wealth Funds Briefing - Categorized | Financials, Reserve Currencies

SOFAZ: Azerbaijan’s status in EITI not to affect financing for Southern Gas Corridor

Posted on 14 October 2016

The status of Azerbaijan in the Extractive Industries Transparency Initiative (EITI) will be discussed on 26 October. Shahmar Movsumov, executive director of the State oil Fund of Azerbaijan (SOFAZ), has stated that the EITI Board’s meeting will take place in Astana, Kazakhstan.
“During the meeting the parties will discuss Azerbaijan’s status in the EITI. The lack of country’s full membership in the EITI will not prevent to raise the financing for such international energy projects as the Southern Gas Corridor,” Movsumov said……………………………………Full Article: Source


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