This article focuses on how foreign managerial structure could affect a local company, and refers to the oil market of Azerbaijan. Although Azerbaijan got independence from Former Soviet Union (FSU) the country still uses Soviet system of managerial structure in the governmental organisations. In this article we reviewed and analysed the difference in the managerial structures of foreign and local oil companies: the State Oil Company of Azerbaijan republic (SOCAR) in comparison with British Petroleum (BP) and STATOIL. These two companies had shares in the same projects together with SOCAR in Azerbaijan and represent major shareholders in total national production. Our conclusions indicate that in Azerbaijan oil companies might be practicing European managerial structure, which is improved and has a proved worldwide known system. By worldwide system we meant practicing of improved managerial structures, International Organisation for Standardization (ISO) and Health, Safety and Environment (HSE) standards, which are unavoidable divisions of the construction projects.

Aynura A. Musayeva (2009). Managerial Organization in the CIS Region: The Case of Azerbaijan Oil Market, European Research Studies Journal Volume XII Issue 2, 149-156