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Nikoil eager to direct its capital to creation of new jobs in Azerbaijan

Oil&Gas Materials 7 October 2006 13:32 (UTC +04:00)

The President of Uralsib financial corporation, a founder of Nikoil commercial bank, Nikolay Zvetkov said that We have always had clear contours of activities in Azerbaijan. He regarded the cut in LUKOIL's stake in Nikoil as minimal change in body temperature, which does not cause physical disease, Trend reports.

As to future plan in Azerbaijan, we consider Azerbaijan as a durable area for the development of business, application of better technologies designed in Russia and use of socio-commercial experience for work with physical entities through creating financial products enabling to improve the welfare of people, he underscored.

It is our major concentration, while we will direct our capital first of all at retail business, small-scale business and creation of new jobs, he underscored.

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