page_title: Investment in Azerbaijan
section_title: Nobel Brothers in Baku
hierarchical_section_title: Investment in Azerbaijan / History / Early History / Nobel Brothers in Baku
caption_attribution_description: English: The Nobel Brothers Naftaproductioncorporation
context_page_description: The overall investment climate in Azerbaijan continues to grow despite of significant challenges remain. Over the recent years, the country has made efforts to integrate more fully into the global marketplace and attract foreign investment.
context_section_description: Foreign investors were attracted by Azerbaijani oil. Nobel Brothers is the first foreign firm investing in "Baku oil industry”. Until the early 20th century the Nobel Brothers company was the leading company in Azerbaijan. The company was made up of more than 20 subsidiary firms with a total capital investment of more than 130 million roubles in 1917.Azerbaijan's oil was great investment for the Nobel Brothers but also important factor in Sweden and the world economy. The Nobel Brothers company began work in 1879. The company was established by the brothers Robert, Ludwig and Alfred. The company became the most authoritative and valuable oil concern in Russia and worldwide.
caption: The Nobel Brothers Naftaproductioncorporation
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