16 August 2018

Azerbaijan’s main goal to eliminate oil dependence

Home page Official News
12 Punto 14 Punto 16 Punto 18 Punto

The main goal of Azerbaijan is to completely eliminate dependence on oil prices, said Azerbaijan’s President Ilham Aliyev.

The president made the remarks at the opening of the 23rd International Caspian Oil & Gas Exhibition in Baku June 1.

The head of state noted that Azerbaijan has passed a glorious way.

No project remains unimplemented today, President Aliyev said.

“I also want to add that these projects would have been impossible without regional stability. Investors trusted us and invested billions of dollars,” he said.

Owing to these investments, Azerbaijan managed to develop non-oil sector, the president stressed.

“Today, oil sector constitutes 30 percent while, the main income is generated by the non-oil sector,” Ilham Aliyev said.

The president went on to say that the International Caspian Oil & Gas Exhibition plays an important role in Azerbaijan’s life.

“The first years of our independence were hard, our lands were occupied and civil war erupted,” he said. “The first international oil and gas exhibition held those times defined the path of Azerbaijan's contemporary development. Oil and gas sector was the most available sphere for investments.”

Speaking about the development of Azerbaijan's oil and gas sector, the president said that BP and SOCAR have been cooperating for already 22 years.

"Within those years SOCAR has grown into an international energy company, since huge projects were implemented in Azerbaijan. Today SOCAR is investing billions of dollars into foreign countries. Investments abroad have a positive impact on relations with those countries in all areas,” President Aliyev added.

2016.06.01 / 12:22
See also

Pakistan’s lower house elects new speaker

President attended opening of Absheron Logistics Center

Relations between our countries developing in all areas

President receives honorary doctorate from ADA University

Tajik President ends official visit to Azerbaijan

President Ilham Aliyev received US Congress delegation

Emomali Rahmon pays respect to Heydar Aliyev

Ilham Aliyev received credentials of incoming ambassadors

President Ilham Aliyev has sent a letter of condolence

Ilham Aliyev has sent condolences to Vladimir Putin

Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla