TPAO announces amount of investments in Azerbaijan

28 November 2024

TPAO announces amount of investments in Azerbaijan

18:49 19 December 2016 Read: 1342

TPAO announces amount of investments in Azerbaijan

Turk Petrolleri A.O. (TPAO) aims to reduce foreign investments, Director-General Besim Shishman.

“We intend to save money because of decline in oil price. It’s true, our investments are sustainable. But we reduced investments in additional projects. Domestic investing is not reduced”, Shishman said.

Touching upon the foreign investments, the Director-General said that the company is about to shut down its representation in Libya due to ongoing processes.

According to him, TPAO invested $10 billion in the projects in Azerbaijan: “These are most profitable projects”.

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