OIL INDUSTRY AND INVESTMENT POLICY

    November 2022 in “ PIRETC-Proceeding of The International Research Education & Training Centre ”
    Narmin Orujlu Arzu Mirqeydarova Arzu Mirqeydarova
    TLDR The country should diversify investments beyond oil to boost exports and attract foreign investors.
    The document discussed the creation of favorable conditions for domestic and foreign investment in the country, with a focus on reducing dependence on the oil and gas industry by increasing exports and attracting investments in non-oil sectors like service and agriculture. It highlighted the importance of offering incentives to foreign investors to remain competitive globally. The document also addressed the challenges posed by fluctuations in the world oil market, emphasizing the need for effective financial resource management to prevent financial losses and potential bankruptcy due to unexpected expenses.
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