Over 18 years (1995-2013) the volume of foreign investments in Azerbaijan's economy totaled $ 83.8 billion, most of which (58.2%) occurred in the oil sector. Troika of the leading investors are companies from the UK with $ 18 billion, U.S. - $ 7 billion, and Japan - $ 4 billion. Non-oil sector was funded by the Turks - 26% of total inflows into the segment, followed by the British - 16% and the U.S. - 12%.
In Azerbaijan, there are 6,857 companies with foreign capital. The leading troika - 36% of companies with Turkish, 8.3% - with the Russian, 7.8% - with British capital. Foreign companies are actively involved in the implementation of contracted projects in Azerbaijan. So, companies of Turkey in Azerbaijan fulfilled contract works on 153 projects with a total value of $ 10.4 billion, the company from the Czech Republic - 6 projects worth $ 2 billion, the companies from France - 22 projects totaling $ 1.8 billion
Local companies (with the Azerbaijani capital) are investors of projects in Turkey, Georgia, Russia, Montenegro, Serbia, Switzerland and other countries. -17D-
Economics
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BP, which has been operating in Azerbaijan for almost 32 years and is a strategic partner of the country, has outlined its steps for 2025 and the medium-term future, both for ongoing projects ("Shah Deniz," "Azeri-Chirag-Gunashli" – key fields of the country) and for the "green" project of creating the Shahdag Solar Power Station (SPS) in the Jebrail district. BP's vision was shared by Vice President for the Caspian Region, Bakhtiyar Aslanbeyli.
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Last week, another round of negotiations between SOCAR and Tatneft took place in Baku, as the two companies have been discussing potential cooperation for the past three years.
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Azerbaijan’s corporate sector needs to develop an appropriate system for assessing employees, according to Jalal Gasimov, CEO of PASHA Holding. Speaking at the Human Development Forum in Baku, Gasimov emphasized the importance of moving beyond merely evaluating employees based on performance outcomes.
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The launch of the Azeri Central East (ACE) platform in Azerbaijan's Caspian Sea shelf marked an important milestone for BP in 2024, said BP CEO Murray O'Kinkloss on February 11, presenting the company's 2024 report.
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