Foreign workers will find it easier to work in Azerbaijan, the Head of the State Migration Service Firudin Nabiyev said.
During the meeting with the Caspian European Club members, he noted that this is due to the adoption of legislative amendments, but this is not the final version, as foreign entrepreneurs continue to apply with initiatives based on polls, after which the proposals are sent to the government.
The campaign for proposals is extended until May 15, Nabiyev said, noting that the rules to attract foreign highly qualified specialists have already been worked out and are under approval.
The State Migration Service of Azerbaijan was established on March 19, 2007 in order to facilitate the registration of foreigners intending to work in Azerbaijan. --17D
Economics
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Rovshan Najaf, President of the State Oil Company of Azerbaijan (SOCAR), and Oleg Korobchenko, Deputy Prime Minister and Minister of Industry and Trade of the Republic of Tatarstan, discussed cooperation and expressed satisfaction with the partnership between SOCAR and the Russian oil company Tatneft.
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Azerbaijan’s drive to attract investment into its industrial and agricultural zones is gaining momentum, with the government registering 31 new resident companies across economic zones in 2023. The Economic Zones Development Agency (EZDA) also granted non-resident status to one company, marking a new phase in the country’s efforts to stimulate economic growth in post-conflict areas and beyond.
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The State Oil Company of Azerbaijan (SOCAR) is stepping up its international expansion in upstream operations, marking a strategic shift in its global portfolio. The company’s recent acquisitions— a 10% stake in Israel’s Tamar gas field and a 3% share in the SARB and Umm Lulu offshore oil projects in Abu Dhabi—signal its growing ambitions beyond Azerbaijan’s borders.
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BP plans to drill 19 wells at the Azeri-Chirag-Guneshli (ACG) oilfield block in 2025, maintaining its drilling activity at the same level as in 2024, a senior company executive said on Tuesday.
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