President Ilham Aliyev: Azerbaijan is among the oldest oil producing countries
Baku, February 5 (AZERTAC). “Azerbaijan is among the oldest oil producing countries. Actually, the first industrial oil was produced in Azerbaijan back in the 19th century. But a lot has changed since that time,” President Ilham Aliyev said in his remarks at the 48th Munich Security Conference.
The Head of State noted “After restoration of independence people of Azerbaijan became the owners of our own resources. And during this period of time - 20 years - Azerbaijan transformed into a country with a diversified economy mainly because of proper use of energy resources.”
“Projects initiated by our country in mid 1990s, actually significantly changed the energy map of the regions of Caucasus and Caspian, and are changing the energy map of Europe.”
The President said “The energy corridor, which was built by us as a big oil pipeline transporting oil from Caspian to Mediterranean, now serves not only for benefit of the Azerbaijani people and our partners, but also serves as a very efficient energy corridor for our future projects.”
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