“We are already implementing the project of the 21st Century – the Southern Gas Corridor,” SIA informs that President Ilham Aliyev told at the opening ceremony of the 22nd international Caspian Oil and Gas Exhibition and Conference.
“Baku-Tbilisi-Kars is a strategic project. We could not do these works if oil and gas strategy were carried out unsuccessfully. Azerbaijan got strategic currency reserves in the sphere of oil-gas and their export. Azerbaijan’s economy increased 300% during past ten years, social issues were solved. We could reduce dependence on oil. Oil factor in our economy makes 30%. We achieved successes in diversification of Azerbaijan’s economy. In spite of oil price decline, Azerbaijan got 5%-growth in economy. The main task is to diversify the economy, reduce dependence on oil and gas sector, realize unimplemented infrastructure projects: “Along with this, the tasks laying ahead in energy sector will also be fulfilled. Because there is a ground for this. International cooperation in oil and gas sector shows that Azerbaijan has productive foreign cooperation. Especially, BP is our partner, shareholder in both the “Contract of the Century” and “Shahdeniz” projects”. We have being cooperated with BP for over 20 years. SOCAR and BP cooperation will last for decades from now on,” told Azerbaijani President.