Investments of Azerbaijan

Europe, the U.S., Canada, and Eurasia are the main destinations for Turkish investors, a survey by PwC Türkiye has shown.

The survey asked a total of 95 Turkish executives about their existing investments and investment plans in the future.

It found that 30 percent of them prefer Europe for investment, while the Northern America's (the U.S., and Canada) share is 18 percent.

Azerbaijan and Russia discussed the possibility of supplying Russian oil to the STAR refinery in Turkey, owned by SOCAR, the Azerbaijani state company, according to Azerbaijani news agency Trend on March 18.

Azerbaijan's state oil company SOCAR is interested in gas distribution in Bulgaria, Director of SOCAR Balkan company Murad Heydarov told Trend July 13.

Back in 2015, the Bulgarian government presented a set of projects on energy cooperation to Azerbaijan.

SOCAR Turkey, an affiliate of Azerbaijan's state oil company SOCAR, will launch the Star refinery with a $6.3 billion investment in İzmir in October, the general manager of the refinery said on May 21.