POLITICS
`DEAL ON SHAHDENIZ PROJECT WILL LEAD TO IMPLEMENTATION OF HUGE PROJECT`
Baku, June 9 (AZERTAC). An agreement on Shahdeniz project signed between Azerbaijan and Turkey will lead to implementation of the huge project, President Ilham Aliyev told Azerbaijani journalists in Istanbul when asked about export of Shahdeniz gas to Turkey.
The Head of State noted this deal occupies a special place among Azerbaijan`s accomplishments in the energy sector.
According to the President, 20 billion dollars will be invested into the project.
“Taking into account that oil and gas sector has received a total of 40 billion dollar investment since 1995 we will see this project requires huge financial resources. On the other hand, implementation of the project will allow Azerbaijan to realize its potential fully”
President Ilham Aliyev emphasized Azerbaijan owns diversified gas export infrastructure, saying “due to extension of existing pipelines we can now export any volumes in any direction. It will lead to influx of much money. On the other hand, cooperation in the gas filed is not limited to economic interests only. Of course, it will be a factor strengthening Azerbaijan`s positions in the continent”