Azerbaijan Looking For Further Investment Growth

March 2006 | FDI Alert

Azerbaijan's President Ilham Aliev is touring Japan to drum up more investment for the Central Asian state, hoping to continue a history of large-scale international oil company (IOC) investment driving output growth. More than US$6bn has been invested in the Azeri oil and gas sector since 1994 and we are expecting substantial foreign direct investment (FDI) in the future. Collectively, Japanese firms have a modest interest in Azerbaijan, with Inpex and Itochu leading the way, but recent moves towards a national champion with the merger of Inpex and Teikoku Oil should see increased inflows to Central Asia and other hydrocarbon-rich

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