Transparency initiative annual report
- Bu səhifədəki naviqasiya:
- LIST OF ABBREVIATIONS (CONTINUED)
- INDEPENDENT ADMINISTRATORS’ REPORT To the Extractive Industries Transparency Initiative (“EITI”) Committee of the Republic of Azerbaijan
- OPINION OF THE INDEPENDENT ADMINISTRATORS
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ACG |
Azeri–Chirag–Gunashli | |
|
AGPC |
Azerbaijan Gas Providing Company | |
|
AIOC |
Azerbaijan International Operating Company | |
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AOC |
Affiliate Oil Company | |
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A.S |
Aksjeselskap - Norwegian term for a stock-based company | |
|
Assembly |
National Assembly of the Republic of Azerbaijan | |
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AZN |
Azerbaijani new manats | |
|
Bln |
Billion | |
|
BOTAS |
BORU HATLARI ILE PETROL TAŞIMA A.S. | |
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BP |
British Petroleum | |
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BTJ |
Baku–Tbilisi–Jeyhan | |
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CBAR |
Central Bank of Azerbaijan | |
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CNG |
Compresssed Natural Gas | |
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CNPC |
China National Petroleum Corporation | |
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Comission |
Government agenciesı | |
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Committee |
EITI Committee of the Republic of Azerbaijan | |
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Companies |
Extractive companies | |
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CSJC |
Closed Joint Stock Company | |
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DESFA |
National Natural Gas System Operator S.A. | |
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EITI |
Extractive Industries Transparency Initiative | |
|
EITI Secretariat |
Azerbaijan EITI National Secretariat | |
|
FZE |
Free Zone Enteprise | |
|
GDF |
Gas de France | |
|
GDP |
Gross Domestic Product | |
|
Government |
Azerbaijan Government | |
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Group |
State Oil Company of Azerbaijan Republic and its subsidiaries | |
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HGA |
Host Government Agreements | |
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JV |
Joint Venture | |
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IBAR |
International Bank of Azerbaijan | |
|
Kg |
Kilograms | |
|
LLC |
Limited Liability Company | |
|
LTD |
Limited Company | |
|
m |
Metre | |
|
LIST OF ABBREVIATIONS (CONTINUED) | ||
|
m3 |
Cubic metres | |
|
MEP |
Main Export Pipeline | |
|
Mln |
Million | |
|
MMBTU |
1 million of British Thermal Unit | |
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MOE |
Ministry of Economy | |
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MOI |
Memorandum of Intention | |
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MOU |
Memorandum of Understanding | |
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MSG |
Multi Stake Group | |
|
NGO |
Non-Governmental Organizations | |
|
NIKO |
Naftiran Intertrade Company | |
|
Nm³ |
Normal cubic meters | |
|
ONGC |
Oil and Natural Gas Organisation | |
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PSA |
Profit Share Agreements | |
|
SC |
State Company | |
|
SCP |
South Caucasus Pipeline | |
|
SCPC Hold Co. |
South Caucasus Pipline Hold Co. | |
|
SGC |
Southern Gas Corridor | |
|
Sm³ |
Standard cubic metesr | |
|
SSPF |
Social Security Protection Fund | |
|
SOCAR |
State Oil Company of Azerbaijan Republic | |
|
SOFAZ |
State Oil Fund ofAzerbaijan Republic | |
|
STYAS |
SOCAR Turkey Yatırım A.S | |
|
TOR |
Terms of Reference | |
|
TAP |
Trans Adriatic Pipline | |
|
TANAP |
Trans Anatolian Natural Gas Pipline | |
|
TPAO |
Turkish Petroleum Anonim Ortaklıgı | |
|
Thsd. |
Thousand | |
|
TIN |
Taxpayer Identification Number | |
|
VAT |
Value Added Tax | |
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VLCC |
Very Large Crude Carriers | |
|
WREP |
Western Rout Export Pipline | |
INDEPENDENT ADMINISTRATORS’ REPORT
To the Extractive Industries Transparency Initiative (“EITI”) Committee of the Republic of Azerbaijan:
We have examined the accompanying Statement (Annex 1) of the EITI Committee of the Republic of Azerbaijan (henceforth the “Committee”). The schedule of payments/allocations of the Government of the Republic of Azerbaijan (the “Government”) and the extractive industry companies (the “Companies”) for the year ended 31 December 2015 is prepared in accordance with the Memorandum of Understanding (the “MOU”). This Memorandum is signed by the EITI Committee of the Republic of Azerbaijan, the local and foreign companies operating in the extractive industries of the Republic of Azerbaijan and non-Government agencies (Annex 4) included in the “Improving Transparency in Extractive Industries” Coalition. The EITI Committee of the Republic of Azerbaijan is responsible for the submitted report. Our responsibility is to express an opinion on the Statement based on our examination.
Our examination was conducted in accordance with the International Standards on Auditing and, accordingly, included examining, on a test basis, evidence supporting the Statement of the Committee and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis for our opinion.
The information available to test the Statement of the Committee consisted of written submissions by the Companies party to the MoU and the supporting details of payments/allocations received by the Government that were provided by the Committee. Our work covered the review of all payments/allocations received by the Government and made by the Companies. If payments/allocations were made by the Companies but omitted from both the Companies’ and Government’s submissions, our work would be insufficient to detect them.
Summary of Work Performed
To examine the Statement of the Committee (Annex 1), we have compared the schedule of payments/allocations received for the year ended 31 December 2015 by the Government (“Government’s schedule”) and the schedules prepared by the Companies which are parties to the MoU (“Companies’ schedule”) as specified in section 4.1.4 “Extractive Companies” of the Report. We carried out procedures as considered necessary under the circumstances to determine the reasons for the differences between the above schedules. In order to obtain reasonable assurance of the procedures carried out during reconciliation process, we have applied certain testing and assurance procedures to several extractive companies.
OPINION OF THE INDEPENDENT ADMINISTRATORS
We have performed the reconciliation of payments/allocations made by the Companies and received by the Government for the year ended 31 December 2015. In our opinion, the information included in the Report is in accordance with the aforementioned requirements and is fairly stated in all material respects, based on work described in this report.
___ December 2016
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