OIL INDUSTRY AND INVESTMENT POLICY

Abstract

Favorable conditions for domestic and foreign investment are being created in our country. Especially, considering the dependence of the country's economy on the oil and gas industry, increasing the volume of exports and reducing the dependence on the import of non-oil sector products, attracting investment flows to those areas is considered an urgent issue. The organization of various state programs and projects in the country for the purpose of attracting foreign investors to service, agriculture and other industries can be considered a reasonable step. At a time when countries are trying to offer a more fertile and optimal environment to foreign investors in order to get out of the increasingly competitive environment in global conditions, it is important that our state offers the most appropriate incentive and stimulating options to foreign investors. Increasing foreign investments allocated to various sectors of the economy, especially to the non-oil sector, is one of the priority issues nowadays. Fluctuations in the world oil market cause significant financial losses or additional income in oil exporting and importing countries and companies. Therefore, the focus is on the process of managing financial resources. Unexpected price changes are one of the most important and most difficult issues in the field of financial resource management. Generally speaking, the most important and difficult part of the financial management of the expenses of any enterprise is to ensure the formation of the immunity of the enterprise when unexpected expenses appear. In some cases, as a result of additional costs, enterprises face large financial losses and eventually face bankruptcy. Therefore, ensuring proper management of expenses and financial resources is quite vital to prevent such negative situations.