“Unfortunately, we do not see significant investments from Europe in either fossil fuels or renewable energy,” said President of Azerbaijan Ilham Aliyev as he responded to questions from business representatives from various countries during an event titled “Azerbaijan Executive Breakfast,” held as part of the annual meeting of the World Economic Forum in Davos, APA reports.
Noting that Azerbaijan’s main partners in the field of renewable energy are the UAE, Saudi Arabia, China, the UK, and companies from Azerbaijan, the head of state said: “Regarding fossil fuels, traditionally American and British companies have shown interest. After the merger of BP and AMOCO, it is now considered a British company. That is, there are very few European companies – one is a French company, and another is from another country. Frankly speaking, we do not see big interest from European companies in investment.”
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