Refusing cooperation with BP meets neither economic nor other interests of Azerbaijan

Refusing cooperation with BP meets neither economic nor other interests of Azerbaijan “BP is the largest investor in Azerbaijan. It took an active part in the implementation of various development projects in the country. The largest share of the UK’s foreign investment in Azerbaijan is belong to BP”-said expert economist Vuqar Bayramov in answer to FaktXeber.com’s question:“Could BP refuse to continue working in Azerbaijan?” Mr. Bayramov noted, however, that the... Read More

Will Oil price be revised in 2013 state budget?

Will Oil price be revised in 2013 state budget? The Azerbaijani Finance Ministry has studied the situation on the world market in detail prior to setting the forecast oil price in the country’s state budget for 2013. The statement came from Azerbaijan’s finance minister Samir Sharifov.  According to him, the situation with the world oil prices does not create concern. “We have no concerns as to the decrease in oil prices”, Sharifov said. The oil price... Read More