extractive industries transparency initiative report free printable template

AZERBAIJAN EXTRACTIVE INDUSTRIES TRANSPARENCY INITIATIVE EISTI REPORT FOR THE YEAR ENDED 31 DECEMBER 2013 July 2015 This report has been prepared at the request of the Azerbaijan Multi Stakeholder

How to fill out extractive industries transparency initiative report

How to fill out the Azerbaijan Extractive Industries Transparency

1. Visit the official website of the Azerbaijan Extractive Industries Transparency Initiative (EITI) or go to the designated portal for filling out the transparency report.
2. Provide your organization's information such as name, address, contact details, and legal status. This ensures transparency and accountability in the reporting process.
3. Fill in the sections related to revenue collection by the government from extractive industries. Provide accurate data regarding taxes, royalties, and any other payments received from companies operating in the sector.
4. Include information on licenses, contracts, and agreements with extractive industry companies. This helps ensure transparency in the allocation of concessions and the terms agreed upon.
5. Report on social and economic expenditures made by extractive industry companies in Azerbaijan. This includes contributions to local communities, investments in infrastructure, and social development programs.
6. Provide data on the production and export of oil, gas, and minerals in Azerbaijan. This includes quantities, sales, and destination countries.
7. Submit any relevant supporting documents, such as financial statements, audit reports, and stakeholder engagement activities.
8. Review the completed form to ensure accuracy and integrity before submitting it to the Azerbaijan EITI.

Who needs Azerbaijan Extractive Industries Transparency?

1. The government of Azerbaijan: By implementing extractive industries transparency, the government aims to promote accountability, good governance, and the sustainable management of natural resources.
2. Extractive industry companies: Transparency initiatives benefit companies by enhancing their reputation, improving investor confidence, and reducing the risks associated with corruption and unethical practices.
3. Civil society and citizens: Transparency in the extractive industries ensures that revenue generated from natural resources benefits the wider population. It allows civil society organizations and citizens to hold the government and companies accountable for their actions and promotes informed decision-making.
4. International stakeholders: The Azerbaijan Extractive Industries Transparency Initiative contributes to global efforts to combat corruption, promote sustainable development, and ensure that natural resource wealth benefits all stakeholders, both locally and internationally.

People Also Ask about extractive industries transparency initiative report

What is the Azerbaijan Extractive Industries Transparency Initiative (EITI) Report for?

The Azerbaijan EITI Report is prepared at the request of the Azerbaijan Multi Stakeholder Group (MSG) charged with the implementation of the Extractive Industries Transparency Initiative in Azerbaijan.

How many EITI reports have been published in Azerbaijan?

This is the 18th EITI Report in Azerbaijan.

What is the scope of work for the Independent Reconciler in preparing the EITI Report?

The Independent Reconciler collects, reviews, and reconciles payments by extractive companies with revenues received by the Government from extractive companies for the specified reporting period.

What is the confidentiality policy for the EITI Report?

The Independent Reconciler's contract includes a confidentiality clause to protect the data provided by the companies and the government.

What are the main revenue sources covered in the EITI Report?

The main revenue sources covered in the report include oil and gas production revenues, profit tax, bonuses, transportation tariffs, acreage fees, and other payments.

For pdfFiller’s FAQs

What is azerbaijan extractive industries transparency?

Azerbaijan extractive industries transparency refers to the practice of disclosing information related to the country's extractive industries, such as oil, gas, and mining, in a transparent and open manner.

Who is required to file azerbaijan extractive industries transparency?

Companies operating in Azerbaijan's extractive industries sector are required to file transparency reports.

How to fill out azerbaijan extractive industries transparency?

To fill out Azerbaijan extractive industries transparency reports, companies need to provide detailed information about their operations, revenue, payments to government, and contracts.

What is the purpose of azerbaijan extractive industries transparency?

The purpose of Azerbaijan extractive industries transparency is to promote accountability, reduce corruption, and ensure that the country's natural resources are managed responsibly for the benefit of its citizens.

What information must be reported on azerbaijan extractive industries transparency?

Companies must report information such as revenue generated from extractive activities, taxes paid, royalties, licenses, contracts, and any other payments made to the government.

When is the deadline to file azerbaijan extractive industries transparency in 2023?

The deadline to file Azerbaijan extractive industries transparency in 2023 is typically set by the government and announced in advance.

What is the penalty for the late filing of azerbaijan extractive industries transparency?

The penalty for late filing of Azerbaijan extractive industries transparency reports may include fines or other sanctions imposed by regulatory authorities.

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Quick facts to know before filling out the form

• - Azerbaijan EITI Report for the year ended 31 December 2013 was prepared at the request of the Azerbaijan Multi Stakeholder Group (MSG) charged with the implementation of the Extractive Industries Transparency Initiative in Azerbaijan.
• - The report covers the scope of work, approach and methodology, contextual information, reconciliation scope and results, and recommendations for improvement.
• - The extractive industry in Azerbaijan includes the mining industry, oil and gas industry, and gold and silver extraction.
• - Azerbaijan has significant oil and gas reserves located in the Absheron Peninsula and the Caspian Sea.
• - The mining industry in Azerbaijan has potential for sustainable and long-term growth, particularly in gold and copper reserves.
• - The extractive industry contributes significantly to the economy of Azerbaijan, with the mining industry accounting for 39.2% of the GDP in 2013.
• - The major export products of Azerbaijan are oil and gas, with 92% of total exports in 2013 coming from the oil sector.
• - The State Oil Fund of Azerbaijan Republic (SOFAZ) is an extrabudgetary fund that manages the collection of profits for the benefit of future generations.
• - Azerbaijan has several export pipelines, including the Baku-Tbilisi-Ceyhan pipeline (BTC) and the South Caucasus pipeline (SCP), for the transportation of oil and gas.
• - State participation in the extractive industry in Azerbaijan is represented by the State Oil Company of Azerbaijan Republic (SOCAR), which carries out commercial activity on behalf of the government.
• - The production volumes in Azerbaijan for oil, gas, gold, and silver have been consistent over the years.