4 June 2014

EY sponsors 21st Caspian International Oil & Gas Conference in Azerbaijan

Press release

  • Share

Turgay Teymurov, EY Partner and O&G Leader for Azerbaijan, made a presentation on “Sustainable development of oil & gas projects: challenges and mutual interests of IOCs and NOCs” at the 21st Caspian Oil & Gas Conference, which took place at the JW Marriott Absheron Baku on 4 June 2014.

“Oil and gas projects have a strong impact on the development of producing countries. One of the key challenges is to find the right balance between maximizing short-term economic benefits and ensuring the long-term sustainable development of the project and the country. A very important element in long-term success is building local capabilities and knowledge. Azerbaijan has made great progress in this area thanks to continued efforts by SOCAR, BP and the other oil majors present in the country. I would like to emphasize that Azerbaijani specialists have always been highly valued for their oil and gas skills and knowledge. Programs focused on developing technical professionals will help our experts to maintain and further improve their skill sets. As a result local talent will continue to enjoy high demand all over the world and to contribute to the nation’s development,” Turgay said.

The Caspian Oil & Gas Conference has become a traditional meeting place for oil and gas industry specialists from around the world, serving as a striking example of industry achievements and of the level of interest in Caspian region projects.

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 is expanding its services and resources in accordance with clients’ needs throughout the CIS. 4,800 professionals work at 20 offices in Moscow, St. Petersburg, Baku, Vladivostok, Ekaterinburg, Almaty, Astana, Kazan, Kyiv, Tashkent, Minsk, 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 www.ey.com

EY in Azerbaijan
EY made a major commitment to Azerbaijan and the region with the opening of our office in Baku 20 years ago. Today, in addition to being the 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 and in facing 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, who serve our clients in Azerbaijan. EY’s strength 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 www.ey.com/Azerbaijan.