ECONOMY


SOCAR PRESIDENT MEETS UK MINISTER OF STATE FOR DEPARTMENT OF ENERGY AND CLIMATE CHANGE

Baku, September 17 (AZERTAC). President of SOCAR Rovnag Abdullayev met visiting UK Minister of State for the Department of Energy and Climate Change Lord Hunt.

Mr. Abdullayev praised the energy cooperation between Azerbaijan and the UK.

He said the UK supported Azerbaijan to bring into existence the “Contract of the Century”.

Abdullayev remembered President Ilham Aliyev`s recent visit to London during which implementation of new projects with bp was agreed. He also expressed confidence that “SOCAR and bp will successfully carry out these projects”.

Abdullayev pointed out his country prefers diversification of oil and gas routes.

He said Azerbaijan backs the Southern Energy Corridor project which aims to transport energy resources to Europe.

Lord Hunt, in turn, hailed the agreement achieved during President Ilham Aliyev`s trip to the UK. He expressed assurance that “this visit will open a new page in development of the UK-Azerbaijan relationship”.

Lord Hunt underlined energy security was one of the priority issues for Europe. He also added Azerbaijan plays an important role in world energy policy.

Mr. Hunt stressed the UK would always assist Azerbaijan in transporting its energy resources to Europe.

The sides also exchanged views on Nabucco and TGI projects.

British ambassador to Azerbaijan was present in the meeting, as well.

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