President Ilham Aliyev: The implementation of the TANAP project has already begun.

President Ilham Aliyev: The implementation of the TANAP project has already begun.

"The implementation of the TANAP project has already begun." SIA reports that President Iham Aliyev told this at the meeting of the Cabinet of Ministers dedicated to the results of socioeconomic development in the first half of 2014 and objective for the future.

"Over the course of these six months serious steps have been taken in the oil and gas sector, in particular in connection with the Southern Gas Corridor. Preliminary tenders have been announced. It is possible to say that the implementation of the TANAP project has already begun. Preparations for the construction are well under way. I believe that we will implement this major project on time. The initiator of the Southern Gas Corridor is Azerbaijan. This project will hugely benefit Azerbaijan, its neighbors and European countries. Azerbaijan has demonstrated leadership qualities in this issue too. These three projects – "Shah Deniz-2", TANAP and TAP – will redraw the energy map of Europe, turn Azerbaijan into a very important economic and energy partner and, most importantly, secure the well-being of the Azerbaijani people in economic and financial terms. As a result of this project, we will be receiving great benefits from gas exports for at least a hundred years to come and Azerbaijan's role in the world will increase further." told Ilham Aliyev.

According to President of Azerbaijan Republic, in the coming years, due to the implementation of the TANAP project, tens of thousands of new jobs will be created in Azerbaijan. Azerbaijani companies will participate in these projects. Azerbaijani companies won the bidding on the contracts signed recently – both directly and together with foreign companies. Azerbaijani companies have been entrusted to implement contracts worth several billion dollars. This is the attention and concern of the state about the private sector.

"As a result of the first major projects, our companies were practically able to stand up and accumulate capital and experience. Then they started to invest in Azerbaijan. I also recommended that to them. At the same time, we created an environment in Azerbaijan whereby investment was the most comfortable way. Of course, it is necessary to invest in other countries too, and we as a state are doing that. But the local companies working here would be better off investing in Azerbaijan. The return on investment is higher and the investments are also protected by the state. Therefore, as a result of the implementation of TANAP and "Shah Deniz-2" projects, our companies engaged in construction, services, other areas and, of course, the energy sector should be prepared. They should participate in the bidding and make good proposals to win." stressed President of Azerbaijan.

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