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Given current geopolitical situation, it becomes obvious that need for Azerbaijan's energy resources will be higher than ever before - President Ilham Aliyev

Politics Materials 18 May 2022 22:23
Given current geopolitical situation, it becomes obvious that need for Azerbaijan's energy resources will be higher than ever before - President Ilham Aliyev

BAKU, Azerbaijan, May 18. Given the current geopolitical situation, it becomes obvious that the need for Azerbaijan's energy resources will be higher than ever before, President of the Republic of Azerbaijan Ilham Aliyev said addressing the Azerbaijan-Lithuania business forum, Trend reports.

"Speaking about the overall economic growth in Azerbaijan, we must touch on the issue of energy security. Today, Azerbaijan provides for its energy security by 100 percent, and also contributes to the energy security of many other countries, including members of the European Union. We export oil, gas, electricity and petrochemical products. Our plans include a significant increase in the volume of exports of gas, electricity and petrochemical products. As for oil exports, both consumers and we are pleased with the current export profile. At the same time, given the current geopolitical situation, it becomes obvious that the need for Azerbaijan's energy resources will be higher than ever before. This year we have already started an energy dialogue between Azerbaijan and the European Union. It covers many areas – oil, gas, electricity, hydrogen and renewable energy sources," the head of state said.

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