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Azerbaijan, Turkey sign memorandum of cooperation (UPDATE 2)(PHOTO)

Oil&Gas Materials 22 January 2011 15:48
Azerbaijan and Turkey have today signed a memorandum of understanding on cooperation in the exploration and research of the mineral resources.
Azerbaijan, Turkey sign memorandum of cooperation (UPDATE 2)(PHOTO)

Photos added (the first version was posted at 14:33)

Azerbaijan, Baku, Jan. 22 / Trend A.Akhundov /

Azerbaijan and Turkey have today signed a memorandum of understanding on cooperation in the exploration and research of the mineral resources. The document was signed during the sixth session of the Azerbaijan-Turkey intergovernmental commission on trade and economic cooperation on Saturday in Baku.

Following the meeting, Azerbaijani Deputy Prime Minister Abid Sharifov and Turkish Energy Minister Taner Yıldız signed the final protocol.

Sharifov said the protocol pays a great attention to cooperation in education and exchange of students, particularly in the field of medicine.

Yildiz said the joint commission's work plays a significant role in further strengthening of the Azerbaijani-Turkish bilateral relations in many areas of the mutual cooperation.

"This meeting is a kind of a preparation for holding the Turkey-Azerbaijan Strategic Council," Yildiz said.

"The economic relations between the two countries have been developing successfully in recent years. As, the trade turnover was at a level of $250-$300 million 10 years ago, today it increased to $2.5-$3 billion," Yildiz said.

He said the two countries aim to bring the figure to $ 5 billion. There are all possibilities for this, Yildiz added.

Yildiz said Turkey is closely following the Azerbaijani investors' activities in areas such as tourism, transport, and particularly in the petroleum sector.

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