Press release

EY participates in 20th International Caspian Oil & Gas Conference in Baku, Azerbaijan

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Baku, 6 June 2013 - Ilgar Veliyev, Country Managing Partner of EY in Azerbaijan, gave a presentation at the 20th International Caspian Oil & Gas Conference 2013 which was held at the Jumeirah Bilgah Beach Hotel from 5-6 June 2013. The presentation focused on facilitating the sustainable development of the oil and gas industry in Azerbaijan.

Ilgar Veliyev described the main idea and principles of sustainable development as a concept to be adopted in the day-to-day activity of the business. He stressed that focus on sustainability helps organizations manage their social and environmental impact and improve operating efficiency and natural resource stewardship. It is also a differentiator in competitive industries and fosters investor confidence, trust and employee loyalty. Furthermore, Ilgar Veliyev highlighted the risks and opportunities related to the industry and talked about best global practices in this area and ways of mitigating the negative impact of business.

“I believe that key players in the oil and gas industry of Azerbaijan can have a significant impact on the development of our country by implementing sustainable strategies. We can already see examples with such companies as SOCAR, BPO, Statoil, and others,” said Ilgar.                                                                                                                                                     

This event was organized by ITE Group Plc. EY was one of the bronze sponsors of the event. 

About the International Caspian Oil & Gas Conference
Celebrating its 20th anniversary, the Caspian Oil & Gas Conference continues to be the leading and best-attended oil & gas event in the Azerbaijan and the Caspian region and showcases the best economic, scientific and technological achievements of Azerbaijan. The event is supported by and organized in close cooperation with Ministry of Industry and Energy of Azerbaijan and State Oil Company of Azerbaijan. The conference brought together around 50 high profile speakers, 21 sponsors and more than 450 delegates. The Caspian Oil & Gas Conference regularly features government officials, senior level commercial representatives and influential industry professionals.

The event has become the flagship forum in the Oil and Gas sector in Azerbaijan. It unites major national and international oil and gas companies with key regional operators and suppliers. 

About EY
EY is a global leader in assurance, tax, transaction and advisory services. Worldwide, our 167,000 people are united by our shared values and an unwavering commitment to quality. We make a difference by helping our people, our clients and our wider communities achieve their potential. 

EY expands its services and resources in accordance with clients’ needs throughout the CIS. 4,500 professionals work at 19 offices including Moscow, St. Petersburg, Baku, Almaty, Astana, Kiev, Tbilisi and other locations. 

For more information about our organization, please visit www.ey.com

EY refers to the global organisation of member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. 

EY in Azerbaijan
EY has made a major commitment to Azerbaijan and the region with the opening of our office in Baku 19 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. 

We currently have more than 140 staff in our Baku practice, which served 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.