SEARCH MENU
Caspian Energy Journal Caspian European Club
CASPIAN ENERGY NEWS
Most read
Thursday, 09 November 2017 12:15

President Ilham Aliyev: Investments worth billions of dollars made in Azerbaijan

President Ilham Aliyev: Investments worth billions of dollars made in Azerbaijan

Owing to the Contract of the Century, investments worth billions of dollars have been made in Azerbaijan. President of Azerbaijan Ilham Aliyev said at the solemn ceremony dedicated to the production of the second billionth ton of oil in Azerbaijan.

According to him, Azerbaijan is now known as an oil-gas producing country in the world.

“Our role and strength in the world are growing. It is the oil strategy of Heydar Aliyev which lies at the root of it”, President said.

The Head of State noted that nowadays the results of the Contract of the Century are measures not only in revenues flowing into the Oil Fund. “The contract did have and does have a broad and immense influence”, Ilham Aliyev emphasized.

“Oil brings welfare, development, stability and power in Azerbaijan. An immense role in our living as an independent country and in development of our economic potential belongs to the oil-gas factor. Everybody should know it”, the President continued.

“Our investments made in abroad make billions of dollars. Almost $20bln is planned to be invested into the project in Turkey alone. The half of these investments has already been made”, the Head of State concluded. 

Read 75 times
POWERED BY ZEYNURBABAYEV