Energy development issues discussed at CEIBC session
Baku, February 21 (AZERTAC). Baku hosted a meeting of the Caspian European Club members (CEIBC) with Minister of Energy of Azerbaijan Natig Aliyev on February 21. Considered in the meeting were issues of energy industry development in Azerbaijan.
Addressing the session, Minister Natig Aliyev emphasized that meetings arranged by CEIBC are fruitful and contributing to establishment of the government-to-business dialogue.
He spoke about the work carried out in the energy sector of Azerbaijan through 2013. According to him, Azerbaijan signed important energy sector related agreements last year. “Stability in oil and gas production was set. We decided to stabilize oil production at the rate of 40-405 mln tons of oil per year. In 2013 we planned to produce a little over 41 mln tons of oil whereas we managed produce over 43 mln tons. The actual production was 2.1 mln tons above the plan,” the Minister emphasized.
According to him, gas production is growing in the country every year as well, that is mainly falls to the share of production at ACG and Shah Deniz fields as well as discovery of new fields by the State Oil Company.
He also spoke in details about the development of the oil refining and petrochemical industry. In particular, the Minister noted that the plant for refining of 10 mln tons of crude per year would be built in Azerbaijan. Carbamide plant is under construction in Sumgayit.
The Minister also dwelt on the issue of alternative energy development included into the concept “Azerbaijan 2020: future outlooks”.
According to him, the work on increase of energy efficiency will be carried out in coming years. “The potential in this sphere totals about 400 mln tons of reference fuel for the post-soviet space,” he emphasized.
Speaking about the development of the power industry, the Minister noted that Azerbaijan managed to build high-voltage electricity transmission lines with Iran and Russia. Besides, the issue of creation of the corridor on cross-flow of electric energy Russia-Azerbaijan-Iran is discussed by three sides. The similar work has been carried out with Georgia. After commissioning of the connecting infrastructure between Georgia and Turkey, an opportunity for exporting electricity from Azerbaijan to Turkey arose.
The Minister also spoke about success gained within the framework of the Southern gas corridor.
Then, the session of CEIBC continued behind the closed doors where the minister gave detailed answers to the questions of CEIBC members companies, went into details of development of the energy industry as well as spoke about possibilities of cooperation with business representatives.
Addressing the session, Chief Executive Officer of the Caspian European Club (CEIBC) Telman Aliyev noted that the meeting bore introductive character. He emphasized that CEIBC was established in June 2002 in association with Caspian Energy International Media Group and under intensive support of largest oil&gas companies operating in the Caspian-Black Sea region. Ilham Aliyev, President of the Republic of Azerbaijan, has been a chairman of CEIBC. According to Telman Aliyev, CEIBC has promoted attraction of oil sector revenues into development of the non-oil sector since its establishment. CEIBC is operating in 50 countries worldwide, carrying out an active work in maintenance of the dialogue between government agencies and the private sector.
Minister of Energy of Azerbaijan Natig Aliyev was given CEIBC honorary membership certificate. Certificates were also presented to new companies of the Club. Participating in the meeting of CEIBC were executives of companies and representatives of diplomatic organizations accredited in Azerbaijan, particularly, Ambassador of Greece in Azerbaijan Dimitrios Tsoungas, Ambassador of Switzerland in Azerbaijan Pascal Aebischer, Ambassador of Germany in Azerbaijan Haydrun Tempel, Temporary Charge d’Affaires of Lithuania in Azerbaijan Šarūnė Kubiliūtė, representatives from the embassies of the USA, Latvia, Turkey, Netherlands, Germany and other countries.
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