Azerbaijani President: "Oil and gas sector will be the leading sector in Azerbaijan for decades"

Azerbaijani President: "Oil and gas sector will be the leading sector in Azerbaijan for decades"
  • Clock-gray 13:49
  • calendar-gray 17 January 2020

"Of course, we are paying more attention to the non-oil sector today and are trying to develop it. But no-one should forget that the basis of the Azerbaijani economy, its backbone is the oil and gas sector," President of the Republic of Azerbaijan Ilham Aliyev said at the ceremony to mark the 90th anniversary of renowned oil scientist and geologist, academician Khoshbakht Yusifzade on January 14, APA reports.

The head of state noted that oil and gas sector will be the leading sector in Azerbaijan for decades. "Of course, we will try and, I am sure, will make sure that the non-oil sector also develops. Last year's figures clearly confirm this. But everyone should know that the oil and gas sector is the leading one. And this is natural, because Azerbaijan is the birthplace of oil. It was Azerbaijani oil workers who first produced oil offshore. At the present stage, Azerbaijan has fully utilized its oil and gas potential based on new technologies. Gigantic oil and gas pipelines have been built, and large transport projects have been implemented thanks to oil revenues."

According to President Ilham Aliyev, today, Azerbaijan is approaching developed countries in all respects. "I am sure that the day will come when Azerbaijan will take its place among these countries."

Faiq Mahmudov

Other news