EY Azerbaijan Partner Turgay Teymurov presents at 14th Annual CIS Oil & Gas Summit in Paris

Photo: EY Azerbaijan Partner Turgay Teymurov presents at 14th Annual CIS Oil & Gas Summit in Paris / Finance

Baku, Azerbaijan, April 23

Trend:

The 14th CIS Oil & Gas Summit was dedicated to the development of existing major projects and new strategies in the Oil & Gas industry across the CIS region. The Summit covered various topics, including current trends that affect the CIS oil & gas sector, technical and financial challenges, policies and regulations and other subjects.

The Summit brought together key policy makers, national oil companies, international oil & gas majors, service providers, and engineering and other companies.

Turgay Teymurov, EY Partner and Oil & Gas Leader for Azerbaijan, gave a presentation on local content policy in the CIS and around the world.

"A well-constructed and managed local content program contributes to the economic development and value creation of a nation. Norway is a great example. The government played an important role in building local capabilities and the industry provided full support for the growth. CIS countries and Azerbaijan, in particular, have been working on local content development in three key areas: goods and services, people and sustainability. To date, there has been good progress toward these goals. However, ambitious targets have not yet been fully achieved. Governments and the industry have a number of common goals in these areas and continued dialogue, which is currently taking place, will benefit everyone," said Turgay Teymurov.

The summit has become the flagship event in the oil & gas sector in the CIS. EY was one of the sponsors of the event.

About EY

EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.

EY expands its services and resources in accordance with clients' needs throughout the CIS. 4,600 professionals work at 20 offices in Moscow, St. Petersburg, Baku, Vladivostok, Almaty, Astana, Atyrau, Kyiv, Donetsk, Tashkent, Tbilisi, and other locations.

EY refers to the global organization and may refer to one or more of the member firms of EY Global Limited, each of which is a separate legal entity. EY Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit ey.com.

EY in Azerbaijan

EY has made a major commitment to Azerbaijan and the region with the opening of our office in Baku 20 years ago and the growth of our local financial service industry group. Today, in addition to being a leading audit firm in Azerbaijan, we are the leading firm in the region. Because of our experience and depth of knowledge, we have been able to assist both domestic and international companies as well as state-owned entities in developing them to face the challenges of the international economy.

2014 is the 20th anniversary of EY in Azerbaijan. We currently have more than 160 staff in our Baku practice, which serves our clients in Azerbaijan. The strength of EY in the Caspian Region and the firm's commitment of resources are important to the entities operating in the region. It means that as we grow, EY will continue to demonstrate a tradition of hiring and training local professionals to be leaders in our practice.

For more information, please refer to http: //www.ey.com/Azerbaijan.

Do you have any feedback? Contact our journalist at agency@trend.az

Follow us on Twitter @TRENDNewsAgency