Meeting of the Working Group of KAZENERGY Association on implementation of the Extractive Industries Transparency Initiative (EITI) was held on February 10

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Monday, 13 February 2017 15:44

Meeting of the Working Group of KAZENERGY Association on implementation of the Extractive Industries Transparency Initiative (EITI) was held on February 10

The Association members discussed the plans and tasks for 2017 on disclosure of the beneficial ownership, preparation of the Republic of Kazakhstan for validation (i.e. inclusion valuation) and other issues.

The companies noted high importance of implementation of the Roadmap for beneficial ownership disclosure jointly with all the stakeholders of the National Council of Stakeholders and expressed their readiness to actively participate in this work.

In addition, participants considered the inclusion of reports on the costs for research and development to EITI by subsoil users and agreed to provide additional consultations on this subject.

During the meeting, the candidature of Mr. Olzhas Kemelov, Government and External Affairs Coordinator of NCOC, was unanimously approved for appointment as the member of the National Council from oil and gas companies. The members of this Council also include representatives of KAZENERGY Association, Shell Kazakhstan and Chevron.

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