Azerbaijan becomes global energy player (UPDATE)
details added (first version posted at 11:57)
Baku, Azerbaijan, June 2
By Maksim Tsurkov - Trend:
Azerbaijan is clearly becoming a regional and maybe a global player, Iraqi Oil Minister Adil Abdul-Mahdi said.
Adil Abdul-Mahdi made this statement at the 22nd International Caspian Oil and Gas Exhibition and Conference and Caspian Power 2015 fifth Caspian International Exhibition.
"I have been here for two days and half," he said. "I witnessed the achievement of the country, not only in oil and gas, but also in modernization, investments."
"Azerbaijan and Iraq signed an MOU which will open the way to all kinds of upstream, midstream and down stream activities," he said.
Adil Abdul-Mahdi also stressed the interest of Iraq in cooperation with SOCAR (State Oil Company of Azerbaijan.
"We look forward to working with SOCAR for the benefits of our two countries," he said. "Iraq has big potential in oil and gas sphere."
"Last month Iraq exported more than 3.5 million barrels of oil per day," he said. "Oil production is now near 4 million barrels of oil."
"The foreign companies' activity in Iraq shows that the country has enough stability and the investment in Iraq could be sustainable," he said.
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