New area sales manager based in Azerbaijan

oleksiy lysenko area sales manager valco group guichon valves caucasus central asia

Oleksiy joins Valco Group as new area sales manager on following countries : Ukraine, Azerbaijan, Armenia, Georgia, Turkey, Kazakhstan, Turkmenistan, Uzbekistan, Kyrgyzstan, Tajikistan.

Based in Baku, he represents the Valco Group brands : Guichon, Malbranque and SNRI, designer and manufacturer of industrial valves.

world map area oleksiy lysenko valco group
Contact : Oleksiy.Lysenko@valcogroup-valves.com.
Phone :+33 (0)7 52 67 16 21 or +994 (0)5 16 11 21 64

Azerbaijan in a few words : 

Country rich in energetic ressources, stable politicaly, and with a favorable geographic situation between Asian continent and European continent on the Caspian basin, Azerbaijan has experienced this last years one of the best macro-economic situation of the CIS.

After a slowdown in growth in 2014 (+2.8%) and in 2015 (+1.1%), the Azerbaijani economy contracted in 2016 (-3.8%).

Azerbaijan’s main challenge in the next years is to diversify its economy. In order to achieve this, the authorities have put in place a policy for the development of agriculture, petrochemical industrie, and information and communication technologies. The strategy is based on the creation of specialized economic zones, offering particularly attractive tax conditions.

Azerbaijan is by far the first trading partner of France in the Caucasus (128M EUR of exportations and 887M EUR of importations in 2016).

The energy sectors (oil & gas, electricity), transport (aeronautics and space, rail and urban), environment (water, waste treatment, soil decontamination), information technology and communication, agriculture and agri-food, are seen as particularly promising sectors for Franco-Azerbaijani cooperation.

Azerbaijan is one of the rare CIS countries that managed to establish an energy policy independant from Moscow.  With the 20th world oil reserves (0.47% of world reserves) and the 27th world gas reserves (0.5% of world reserves), the country remains a medium-sized producer, even though the offshore potential remaining to be discovered would be substantial.

Oil production would already have peaked at 50 millions tons in 2010 and it is expected to decline because of the aging sinks (production of 41 million tons in 2016). Gas production has increased a lot these last years (29.4 Mds m3 in 2016 against 9 Mds m3 in 2006). It is on its development that the future economic growth of the country (with the development of the deposits of Shah Deniz 2, Absheron, Umid Babek) rests.

Source : French General Direction of Treasure