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Over the last two decades. Statoil company has invested more than $6.5 billion in Azerbaijan. making it the second largest investor in the country. said the company`s executive vice-president Lars Christian Bacher.
`Azerbaijan has been an important part of Statoil`s international strategy over the past two decades.` he said during the 24th Caspian International Oil and Gas Conference in Baku June 1.
Bacher noted that since the entry of Statoil in Azerbaijan in 1992. this country has been a key arena for the company`s international goals.
`Through a turbulent and volatile time in global affairs. Azerbaijan has proved to be a place with a stable business environment. which makes it attractive for foreign investments.` he added.
Bacher expressed a compliment to Azerbaijani government for providing a predictable business environment.
He expressed confidence that companies like Statoil and resource-rich countries like Azerbaijan can work together to come up to a new approach in addressing the challenges in the oil and gas industry.
