Energy and natural resources

Azerbaijan is gifted in terms of having rich energy and natural resources. The country’s current economic development players are mainly oil and gas sector. Local and international companies in the country deal with exploring oil and gas fields, producing, processing, and transporting oil, gas, and gas condensate, marketing petroleum and petrochemical products in domestic and international markets, and supplying natural gas to industry and the public in Azerbaijan.

Baker Tilly Azerbaijan has wide experience of working with clients in the energy and natural resources sector: 

• Oil and gas exploration and production 
  
• Mineral extraction
  
• Renewables and clean technologies 
  

In this sector, we provide support and expertise, and add value in areas such as: 

• Accounting and audit requirements of operating in overseas jurisdictions 
  
• Best practices in the energy, natural resources and renewable sectors 
  
• Early warning of key issues and changes to regulation, tax and compliance standards 
  
• Forensic accounting requirements 
  
• Profit sharing agreements
  
• Royalty audits and royalty agreement reviews 
  
• Tax and financial due diligence for mergers and acquisitions transactions 
  
• Tax efficient means of retaining and rewarding key staff and directors