Azerbaijan seeks to attract European technologies for economic development
Baku, Azerbaijan, April 7
By Anvar Mammadov - Trend:
Azerbaijan is interested in attracting the technologies of developed European countries to develop its own economy, the deputy speaker of the Azerbaijani Parliament, chairman of the Parliamentary Committee for Natural Resources, Energy and Ecology, Valeh Alasgarov, said at the 15th meeting of the EU-Azerbaijan Parliamentary Cooperation Committee in Baku on May 7.
He said natural resources are not enough to ensure the successful development of the country's economy.
"First of all, the issue of legislation arises here. Azerbaijan was able to attract investments worth tens of billions of dollars to the oil and gas industry.The contracts signed between SOCAR and foreign companies were adopted by the Parliament at the level of laws," he said.
The MP stressed that Azerbaijan had no opportunity to supply its oil and gas to the foreign markets at a time when the "Contract of the Century" was signed.
"Following the signing of several contracts, there were constructed the Baku-Supsa, Baku-Tbilisi-Ceyhan and Baku-Tbilisi-Erzurum pipelines. Today, we are implementing new projects - the Southern Gas Corridor, the free economic zone in the Alat. And the legislations stands on the basis of these issues," Alasgarov noted.
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