According to a recent Energy Daily report, Azerbaijan – its $21 billion economy expanding at more than triple the rate of China’s in a world of record-high energy prices – has begun acquiring assets in neighboring states.
“For instance, the State Oil Company of Azerbaijan has started investing in the economies of Georgia, Turkey, and East European countries,” he said, adding SOCAR “has a high credit rating, which allows the company to draw any funding both for its activity in Azerbaijan and for investment projects abroad.”
Plenty of interesting data on this fast growing economy for your appetite in this article.
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