ECONOMY
SOCAR PRESIDENT MEETS UK ENERGY MINISTER
Baku, March 4 (AZERTAC).President of Azerbaijan state-run energy company, SOCAR, Rovnag Abdullayev met Wednesday visiting Lord Hunt, UK Minister of State for the Department of Energy and Climate Change.
Abdullayev praised the relations between Azerbaijan and UK as well as the two countries` companies.
He noted favorable conditions had been created for foreign investors in the country.
According to Abdullayev, relations between UK companies and SOCAR contribute to developing bilateral energy cooperation, as well.
Lord Hunt said he witnessed important economic and social development in Azerbaijan since the last time he had visited the country.
He praised the fact that Azerbaijan could managed to survive the global financial crisis.
He also inquired about what had been done in Azerbaijan to export energy resources, particularly natural gas to Europe.
Abdullayev, in turn, briefed him on the energy projects carried out in Azerbaijan to diversify its energy export routes.
He said at present, Azerbaijan exports gas to Georgia, Turkey, Russia and Iran.
Touching upon the prospects for transportation of Azerbaijani gas to Europe, the SOCAR President said his country backs the Southern energy corridor.
Abdullayev also pointed out SOCAR was ready to introduce its infrastructure to transport Central Asian energy recourses to Europe.
He added Azerbaijan works with its partners to realize the Nabucco, Turkey-Greece-Italy and Trans-Adriatic projects.
Lord Hunt praised the accomplishments in energy sector in Azerbaijan.