Hikmet Hajiyev: Azerbaijan seeking cooperation, not competition in energy sphere

Hikmet Hajiyev: Azerbaijan seeking cooperation, not competition in energy sphere

BAKU, Azerbaijan, Jan. 18

By Leman Zeynalova - Trend:

Azerbaijan is seeking cooperation, not competition in the energy sphere, Assistant of the President of the Republic of Azerbaijan, Head of Foreign Policy Affairs Department of the Presidential Administration Hikmet Hajiyev told Radio France Internationale (RFI), Trend reports.

“In its energy strategy, Azerbaijan is not seeking any competition, it is seeking cooperation. We see that there is a room for cooperation. European gas demand is rising and Azerbaijan by its own modest contribution makes exports to European markets. It strengthens European energy security and also contributes to Azerbaijan’s economic development. It is a win-win cooperation,” said Hajiyev.

He went on to add that Azerbaijan is implementing the Southern Gas Corridor project worth $40 billion, which will take Azerbaijani gas from the Caspian Sea to European market.

“Along with pipeline, we are creating new jobs, prosperity and cooperation. Fifty thousands of new jobs have been created from the Caspian Sea up to the Adriatic Sea in different countries. Southern Gas Corridor is an alternative source of energy and alternative route of energy supply,” said Hajiyev.

He recalled that Azerbaijan is the first oil producing country in the world through the industrial way.

“In the mid of the 19th century the first oil well was drilled in Azerbaijan even during the Russian Empire time and since then Azerbaijan provided oil to the international market. Next year, we are going to celebrate 75th anniversary of the victory over Nazism. Azerbaijan’s oil played a crucial role in the fight against Nazism in the World War II. Imagine that 75 percent of oil of the entire Soviet army was provided from Baku,” said Hajiyev.

The Southern Gas Corridor project aims to increase and diversify European energy supply by bringing gas resources from the Caspian Sea to markets in Europe.

The Southern Gas Corridor comprises the following four projects: (i) operation of Shah Deniz natural gas-condensate field ("SD1" project) and its full-field development ("SD2'" project), (ii) the operation of the South Caucasus Pipeline ("SCP" project) and its expansion ("SCPX" project), (iii) the construction of the Trans-Anatolian Natural Gas Pipeline ("TANAP" project) and (iv) the construction of the Trans Adriatic Pipeline ("TAP" project) (SD2, SCPX, TANAP and TAP collectively, the "Projects").

The Projects have an estimated investment cost of approximately $40 billion. Upon completion, the SD2 project will add a further 16 bcm of natural gas per annum to 10.9 bcma (maximum production capacity) already produced under SD1 project.

Total length of the newly constructed SCPX, TANAP and TAP pipelines will be more than 3,200 kilometres.

Iran manufactures its first support vessel for fishing ships
Iran manufactures its first support vessel for fishing ships
New drilling rig commissioned in Iran
New drilling rig commissioned in Iran
Iran signs agreement related to South Azadegan field
Iran signs agreement related to South Azadegan field
Loading Bars
Latest
Trump blasts proposed restrictions on selling U.S. jet parts to China
Pakistan Army successfully test fires Ra’ad 2 cruise missile
Turkey demands return to Sochi agreement terms for calm in Idlib
President of Kazakhstan instructs to provide rural schools with access to the Internet
US dollar appreciation won’t necessarily put downward pressure on commodity prices
US advises India, China against buying Venezuela oil
WHO commends steps taken by Sri Lankan authorities to control COVID-19
Latvia eyes more investors from Azerbaijan to its ports, logistic hubs
Cargo transportation through Azerbaijan within TRACECA increases
Iran manufactures its first support vessel for fishing ships
Azerbaijan's gas transportation via Baku-Tbilisi-Erzurum up
Azerbaijan decreases oil transportation via Baku-Tbilisi-Ceyhan
Turkmenistan unveils plan for silkworm cocoon production volumes
Azerbaijan reveals statistics on electricity generation
Azerbaijan’s GDP in Jan. 2020 increases compared to Jan. 2019
Turkmenistan launches cheese production
Azerbaijan’s projected revenues from pomegranate exports revealed
Azerbaijan’s Agency for SMEs, USAID start initiative to support business associations
Executive power of Azerbaijan’s Sheki opens tender on accommodation, catering services
New drilling rig commissioned in Iran
Iran signs agreement related to South Azadegan field
National Iranian Drilling Company talks "Fath 71" drilling rig’s operation
Azerbaijan's State Oil Fund opens tender on printing services
Turkmenistan, Russia hold business negotiations
Minister: Iran dreamt about production of drilling rig
Russian professor talks Azerbaijan's development of digital technologies
Iran discloses production volume of East Oil and Gas Production Company
Passenger transportation by air in Turkey slightly decreases
Georgia draws up agreements for construction of first oil refinery
Iran makes significant progress in Goureh-Jask oil pipeline construction
Azerbaijan’s BakuBus LLC opens tender to repair vehicles
FATF decision won’t affect Iran’s trade relations
Deputy of Azerbaijan's Parliament to participate in OSCE PA winter session
Figures of Iran's foreign trade disclosed
Israeli investors interested in Georgian business environment
Israir airline company to launch flights to Kazakhstan
EU lists Cayman Islands, Panama as tax havens
Walmart sees slowing online sales growth after lackluster holiday quarter
U.N. Libya envoy says Tripoli port was attacked on Tuesday
CEC: All complaints on Azerbaijan's snap parliamentary elections to be seriously considered
Turkey's export of chemical products to US drops
President Ilham Aliyev receives chairman of Board of Baku Transport Agency (PHOTO/VIDEO)
Albania cancels tender for construction of gas pipeline to link Vlora TPP to TAP
Russian professor: Azerbaijan's energy projects driven by economic logic
Investments value in Kazakhstan's geological exploration revealed
Baku holding first meeting of ‘Goodwill Meridians’ volunteer event (PHOTO)
Ministry: Turkey to promote Baku-Tbilisi-Kars railway for movement of tourists
Malaysia interested in cooperation with Georgia
Azerbaijan, Russia to strengthen co-op in ensuring flight safety (PHOTO)
Uzbekistan improves its energy potential via modern technologies
Maersk Drilling updates on hybrid rig project
Azercell supports development of Azerbaijan film industry
Iran discloses oil products put up for sale at Energy Exchange
Azerbaijan's Education Ministry opens tender to purchase printing services
EU-wide Karabakh rally to be held in Berlin (VIDEO)
Azerbaijani postal service opens tender to buy computer equipment
Turkmenistan - International Organization for Migration co-op discussed in Ashgabat
Azerbaijan’s Sumgayit city opens tender to repair streets
Flights on various international routes to be launched in Kazakhstan
Georgia, Estonia plan to increase number of charter flights
Central Bank of Iran talks inflation rate for next 12 months
Car imports to Azerbaijan may decrease due to coronavirus - expert
Jean-Yves Le Drian: France, Azerbaijan need to improve trade balance
Export of electrical goods from Turkey to Azerbaijan increases
Turkey's steel export to Turkmenistan significantly increases
UK to supply Turkmenistan with special materials for racecourses
Azerbaijan's State Border Service to purchase special-purpose clothing via tender
Ministry: Railways under construction in Turkey
Cargo transshipment from US through Turkish ports disclosed
CBI chief: Iran's inclusion in FATF blacklist, unlikely
Uzbekistan, Hungary plan to increase volume of mutual trade
Azerbaijan’s ADY Container talks on new contracts & plans for 2020
Somalian ambassador accredited in Turkmenistan
Iran's domestic production can overshadow sanctions, says minister
Azerbaijani oil prices on Feb. 17
Cashless payments volume significantly up in Kazakhstan
Azerbaijan's State Oil Fund opens tender to buy coffee machines
Iran government not to compensate oil revenues reduction by taxes
Gold price up in Azerbaijan on Feb. 18
Azerbaijani currency rates for Feb. 18
Baku City Main Health Department opens tender to buy drinking water
Iran's economic growth slowing down
Iran's trade volume at threshold of $80B
Azerbaijan - one of financial markets most open to innovation
Azerbaijan’s Sheki winery talks on plans for wine production
New appointments in Mastercard's Rapid Emerging Markets Division
Samarkand airport to increase number of served flights
Strauss buys Brazilian coffee company
India to assist Uzbekistan in developing its nuclear infrastructure
OPEC countries may slow down coronavirus impact on global economy
Turkmenistan receives new influx of hydrocarbons in Caspian region
Famous hotel in Tashkent sold to Ittihad International Investment company
Azerbaijani company talks on alternative energy projects
Uzbek-Korean JV announces tender for supply of lead seals, flexible wire
Athens at standstill as transport staff strike over pension reform
More passengers to leave cruise ship in Cambodia after coronavirus tests
Gunman kills one person at Bangkok shopping mall days after mass shooting
USACC co-chairman talks cooperation with USAID
Turkey - China trade turnover drops
Customs committee: State-business dialogue needed in Azerbaijan’s jewelry sector
All news