Azerbaijan, Baku, August 10 / Trend /
Azerbaijan plays a significant role in ensuring the energy security of Europe, the President of Azerbaijan Ilham Aliyev said to a joint press briefing within the visit of the President of Latvia Valdis Zatlers.
"We constructed pipelines, through which our energy resources are transported in different directions. In the future, the volume of transported energy resources will increase," - said Ilham Aliyev. In this regard, a balance must be ensured between the countries, and there must be a balance between the interests of transit countries and consumers of energy resources.
The energy sector is a special part of relations between Azerbaijan and Latvia, and the sides hold discussions in this regard at a high level, said Ilham Aliyev.
Regarding the Nabucco pipeline, Valdis Zatlers said that such projects provide a good foundation for the energy market in Europe.
Over the past four to five years, economic relations between the two countries have well developed, trade turnover grew two to three times. "And onward, the co-operation will be even better, despite the global crisis [financial-economic], in spite of it, nothing prevents us to be good partners," said Valdis Zatlers.
Ilham Aliyev expressed hope that the business forum, which will be held tomorrow in Baku, will give an opportunity for a good understanding of business circles of both countries and will pursue joint projects.