The meeting of the Working group of KAZENERGY Association on implementation of Extractive Industries Transparency Initiative (EITI) was held on June 7, 2016

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Thursday, 09 June 2016 11:04
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The Association members and the representatives of the Committee of Geology of RK and the World Bank discussed the measures on beneficiary right disclosure provided by new EITI standard.

The Companies noted the high importance of this issue implementation Roadmap development jointly with the National Stakeholder Council (NSC) and expressed their readiness to actively participate in the work.

Thus, on May this year, NSC meeting was held, during which it was decided to adjust the variant of fulfilling the requirement of beneficiary right disclosure proposed by the International EITI Board and approved by RK Government. In addition, the participants considered the forthcoming validation procedure by the Republic of Kazakhstan.
To note, the meeting of the International Board is scheduled on October 25-26, 2016 in Astana, and the National Conference on EITI will be associated with the meeting.


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