Transparency is also key to a favourable investment climate in the country. It is one of the key elements of success in the oil and gas sector and in all extractive industries as a whole. Azerbaijan has made tangible progress in this respect. Azerbaijan has joined the Extractive Industries Transparency Initiative put forward by the British prime minister. All activity in the oil and gas sectors of Azerbaijan is carried out in quite open and transparent conditions.

From a speech at a business dinner in honour of the presidents of the South Caucasus countries
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