Azerbaijan, Baku, April 10 / Trend, A.Akhundov /
Azerbaijan has been recognized in the world as a reliable supplier of energy resources over the past period, Azerbaijani President Ilham Aliyev said in his congratulatory letter to participants of the forum on the construction of a new complex for oil and gas processing and petrochemical production in Azerbaijan on Tuesday. The congratulatory letter was read out by First Deputy Prime Minister Yagub Eyyubov.
"Esteemed forum participants! I welcome you on the occasion of start of the forum on the construction of a new complex for oil and gas processing and petrochemical production in Azerbaijan and wish you success in your activity. Foundation of Azerbaijan's new oil strategy was laid on national leader Heydar Aliyev's initiative 18 years ago and the country's long-term prospects were defined," President Aliyev said in his letter.
President Aliyev stressed that contracts and partnership agreements signed with influential companies in oil sector and investments in oil and gas projects yielded their fruit and paved the way for the development of the non-oil sector. The State Oil Fund (SOFAZ) has been established in our country for preserving revenues from oil and gas operations and their efficient use. Funds of the SOFAZ, which has been operating fully transparently for many years, are directed at implementation of the most necessary projects to improve welfare of our people.
"As a logical continuation of achievements in oil production and transportation, today one of our key goals is construction and commissioning of a new complex for oil and gas processing and petrochemical production, which will be competitive and meet up-to-date standards. I am confident that substantial discussions, extensive analyses and exchange of experience will pay a significant role in deepening of mutually beneficial cooperation in the direction of economic development," President Aliyev said in his congratulator letter.