Meeting of KAZENERGY Association and AMME on implementation of Extractive Industries Transparency Initiative (EITI)

Meeting of KAZENERGY Association and AMME on implementation of Extractive Industries Transparency Initiative (EITI)

On May 31, at the KAZENERGY site, a joint meeting of member companies of the KAZENERGY Association and the Association of Mining and Metallurgical Enterprises (AMME) took place on the implementation of the Extractive Industries Transparency Initiative (EITI) with the participation of the head of the International EITI Secretariat Jonas Moberg.

Opening the meeting, Executive Director for International Cooperation of KAZENERGY Talgat Karashev stressed that last year Kazakhstan had another validation (the process of authorizing for compliance with international requirements of the EITI Standard), following which the International Board of the EITI adopted a decision on the status of the country. He noted the significant progress of Kazakhstan in the implementation of the Extractive Industries Transparency Initiative. Nevertheless, according to the established Rules, for full compliance with the requirements of the EITI Standard, the International Board was given 18 months to eliminate existing defects (until August 13, 2019 - the beginning of the re-validation).

Jonas Moberg, the head of the International Secretariat of the EITI, noted the high level of the company's involvement in the development of the standard and identified a number of advantages of our country, including the provision of electronic reporting, as well as the timeliness of the publication of data.

During the meeting, the discussion of corrective measures, as well as the formation of a consolidated position of Kazakhstan companies overall range of submitted comments.
The participants discussed the importance of the Extractive Industries Transparency Initiative in the activities of subsoil users, as well as the publication of information on the beneficiaries of companies and the possibility of disclosing partial information on contracts concluded between companies and authorized bodies of the Republic of Kazakhstan.
Following the results of negotiations with all interested parties, the International Board will prepare a report on the current situation in Kazakhstan.



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