Bank Of Baku

Azerbaijan intends to invest in Western Europe’s oil sector

Azerbaijan intends to invest in Western Europe’s oil sector
# 25 May 2012 13:22 (UTC +04:00)
To him, for now, it is early to speak about any investment: ‘Projects for investment must be profitable. At present, oil refineries have problems in Europe, they can not cope with them. Even, such company as Petroplus has been put to market as default. That is why, we are going to purchase them just for purchase. We are interested only in the profitable projects’.

Abdullayev says due to economic crisis in Europe, SOCAR keeps the forecasts on drop of oil price in the focus of attention: ‘We view all the scenarios. Our economic research group is working on these scenarios. We have involved a great number of specialists in the risk-management and keep these issues under control’.
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