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Azerbaijan
Summary
- Azerbaijan leads the pack on regularity and timeliness, publishing semi-annual and annual reports since 2003.
- The templates are tailored for each sector and have been improved over the years. In particular, revenue stream disaggregation is now more complete and the 2009 and 2010 annual reports cover the mining sector.
- Independent reconciliation reports appear to mention only the revenue streams where there were discrepancies between company payments and government receipts. All streams should be included.
- The report also fails to disaggregate by commodity. Separate revenue figures for oil, gas, silver and gold should be provided, along with the corresponding production and price data. Only revenues from production sharing agreements are disaggregated by commodity.
- Despite their importance, the report does not explain the critical role of Azerbaijan's state-owned enterprises SOCAR and SOFAZ, such as revenues earned or how much is transferred to the treasury.
- The report also omits the monetary value of in-kind receipts. For instance, the 2010 report indicates the government received 215 million barrels of oil and 3.5 billion cubic meters of gas, but not the value of these resources.
- Revenue Watch has used global average prices to calculate the value of in-kind receipts of oil, silver, and gold. However, because there is no reliable global average price data for natural gas, the figures below do not include the value of in-kind gas receipts.
Data Year
2010
Publication Year
2011
EITI Status
Compliant
Compliant
Report Compiled by Moore Stephens
EITI report Download PDF
Source oilfund.az
Government Receipts
$18,968,346,476.65
Company Payments
$19,156,765,769.89
GDP, 2010
BILLION US$
source
52.17
Total Government Revenue (% of GDP)
46.07
Reported EI Revenue (% of Total Revenue)
78.94
Report Quality Indicators | ||
1. Regularity | ||
| a) score | 1.00 | |
| b) total reports / implementing years | 8/8 | |
2. Timeliness | ||
| Lag between fiscal year of data and publication year. | 1 | |
3. Materiality | ||
| Report clearly defines a materiality threshold. | No | |
4. Data Reliability | ||
| Report contains audited data from: | ||
| a) companies | No | |
| b) government | No | |
5. Coverage | ||
| Revenue data includes the following revenue streams: | ||
| a) royalties | Yes | |
| b) taxes | Yes | |
| c) surface, rental or license fees | Yes | |
| d) bonuses | Yes | |
| e) state-owned enterprise (SOE) payments | Yes | |
| f) Report covers all extractive sector companies. | No | 31/32 companies reported. |
| g) Report states the price of any product received or sold by government. | No | |
| h) Report states the quantity of resources produced. | No | |
6. Discrepancies | ||
| Report contains: | ||
| a) information on the cause of revenue discrepancies. | Yes | |
| b) reconciled data following the correction of discrepancies. | No | Final reconciled data is not calculated and requires the reader to calculate the final amounts. |
7. SOE Revenue Flow | ||
| SOE Revenue Flow data is clearly explained in the report. | No | |
8. Disaggregation | ||
| Report provides financial data on individual: | ||
| a) companies | No | |
| b) revenue streams | Yes | |
| c) projects | No | |
| d) commodities | No | Data on production sharing agreements is disaggregated by commodity. |
9. Comprehensibility | ||
| Report contains: | ||
| a) a summary with key findings and revenue totals | Yes | |
| b) clear indication of what currencies and units of measurement are used | Yes | |
| c) written explanation of key findings and recommendations | No | |
| d) a clear definition of terms | Yes | |
10. Accessibility | ||
| Report is available: | ||
| a) in at least one official language | Yes | |
| b) on a government website | Yes | |
Related Indicators | ||
| Revenue Watch Index, 2010 | 75.1 | |
| Corruption Perception Index, 2010 | 134/178 | |
| Open Budget Survey, 2010 | 43 | |
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