StatoilHydro Divulges Volume of Oil Project-related Investments in Azerbaijani Economy

Oil&Gas Materials 21 January 2008 21:08 (UTC +04:00)

Azerbaijan, Baku, 21 Janaury / Trend corr V. Sharifov / Since the beginning of its operating in Azerbaijan (1992) by 2007 the Norwegian StatoilHydro company invested $4.1bln in the country's economy within the framework of oil and gas projects, a representative of the StatoilHydro's Baku Office said on 21 January.

In 2007, investments in the Azerbaijani economy made up $0.7bln.

The company takes part in three large projects - Azeri-Chirag-Gunashli (8.5633% stock), Shah Deniz (25.5%), Araz-Alov-Sharg (15%).