Reduction of world oil prices to $30.00 makes privatization attractive for the foreign investors, believes Azerbaijani President Ilham Aliyev.
“With the oil price of $30.00 per barrel the government thinks about a wide-scale privatization even more. I think that the current low oil prices are attractive for the foreign investors, because we are more interested in privatization of our assets,” Ilham Aliyev said at the panel session of the round table entitled “Energy Policy and Geopolitics of Oil Price Reduction” during the Munich Security Conference, reads official web site of Azerbaijani President.
He said one needs to find a certain balance during a wide-scale privatization. “Through the privatization, economic reforms and improvement of business environment we will be able to reduce dependence on oil,” President added.
Aliyev added that the government was not ready to the current situation. “We thought the post-oil period will start after 2030. But during a short period reduction of oil price by four times was surprising for us. We were not ready for that and I think that nobody else was,” President said.
