Azernews.Az

By Amina Nazarli

A representative office of the British technology company – Oceanscan has passed a state registration in Azerbaijan.

The company was registered in the Taxes Ministry on December 8, 2016, the Vergiler newspaper reported. The legal representative of the new company is Stephen Hunter.

Headquartered in Scotland, Oceanscan is an international equipment company providing advanced technology to the oil and gas, defense, petrochemical, renewables and nuclear industries.

Currently, over 470 companies with British capital operate in Azerbaijan, and they mostly act as contractors in the projects being implemented in the energy sector.

The interest of the British companies in Azerbaijan is understandable as the UK considers Azerbaijan as a very favorable country for foreign companies.

The energy-rich country cooperates with the UK in the exploration and transportation of oil and natural gas from the Azerbaijani part of the Caspian Sea. British Petroleum was one of the main partners of this South Caucasus nation for over 20 years and this cooperation played a major part in the economic formation of young Azerbaijan.

Azerbaijan and the UK have benefited from close bilateral partnership and cooperation since 1992. The relations have covered a wide range of issues, from high-level political dialogue to growing trade and investment, as well as strengthening cultural and humanitarian ties.

The UK and Azerbaijan are cooperating in education, trade, tourism, ICT, as well as other infrastructure and transit projects.

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

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