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Norwegian energy companies interested in Azerbaijani market

18 November 2016 16:57 (UTC+04:00)
Norwegian energy companies interested in Azerbaijani market

By Amina Nazarli

Norwegian energy companies are interested in entering the Azerbaijani market, said Bord Ivar Svendsen, Oslo’s Ambassador to Baku.

"Norwegian energy companies have a great interest in Azerbaijan. Almost every three months we get appeals from the Norwegian companies that have not yet started to work here, but are considering it," he said.

Svendsen further added that his country has extensive experience in oil production, noting that Norwegian companies have modern technologies in this field and ready to offer them to Azerbaijan.

The ambassador also mentioned a possibility of a visit by one of Norwegian ministers or deputy ministers to Baku to attend one of their energy exhibitions and conferences next year.

However, this question is under consideration, he said.

Svendsen has reminded that the Norwegian oil and oil service companies are already represented in Azerbaijan.

Thus, the largest Norwegian oil company Statoil operates Azeri-Chirag-Guneshli field in the Caspian Sea. In addition, there are six-seven Norwegian companies that supply niche products and provide services for the examination to the major oil companies, and especially BP.

Since the beginning of the 1990s Azerbaijan and Norway have developed an increasingly strong relationship. Diplomatic relations between the two countries were established in 1992. The Norwegian embassy in Baku was opened in 1998.

The co-operation has been growing especially in the field of energy, and several Norwegian companies have established themselves in Baku.

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Amina Nazarli is AzerNews’ staff journalist, follow her on Twitter: @amina_nazarli

Follow us on Twitter @AzerNewsAz

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