As well, a large part of Amoco's resources are devoted to the development of petrochemicals and the development of advanced technologies. Amoco enjoys maintaining its reputation as a pioneer in petroleum and geosystems engineering. Amoco's business strategy continues to lead toward foreign investment. Recent concessions by Egypt will provide for increased exploration in Africa as the corporation continues production in the North Sea and the Gulf of Mexico. Ongoing negotiations and exploration in the Caspian Sea off the coast of Azerbaijan could lead to a very promising future for the oil production aims of Amoco.
Further talks are underway concerning production in Russia's large oil field in the arctic circle.
The petrochemicals division is exploring possible ventures in Asia and Canada. These foreign operations will serve to bolster the strong reserves which the company is now producing domestically in Alaska, Wyoming, Louisiana, Texas and New Mexico, among other areas. Amoco's corporate strategy relies heavily on environmental policy. Currently, Amoco is dealing with environmental issues concerning the prevention and cleanup of oil spills and the contamination of ground water. Furthermore, strict emissions regulations keep the company searching for more environmentally safe methods of exploration and production.