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Azerbaijan and European Union Will Work in Four Directions in Energy Sphere

Oil&Gas Materials 17 January 2007 16:41 (UTC +04:00)

The Azerbaijan Minister of Industry and Energy, Natig Aliyev, said that the document On strategic energy partnership which was signed in November 2006 between the European Union (EU) and Azerbaijan reflects serious anxiety of the EU on dependence in some energy resources.

According to the Minister, presently the EU seeks for alternative energy sources. The strategic partnership between Azerbaijan and EU envisages co-operation in four directions. A special expert group will create the directions. The first direction is to bring the laws of Azerbaijan into conformity with laws of EU countries. A group of experts will work on it. The second working group will be engaged in the transport roads which are very important for the European Union. The construction of Baku-Tbilisi-Ceyhan and South Caucasus Pipeline are of great significance for Europe.

Azerbaijan is the only country which has realized such mega projects over the recent period. The EU urges that the Kazakh oil and partly Turkmen and Iranian gas should pass via the territory of Azerbaijan, Aliyev said.

The third working group will work on restructuring of the fuel and energy complexes of Azerbaijan.

Fuel and energy complex needs to be reformed. They need to be privatized, mobile and commercially effective. The fourth block of questions is the exchange of the experience said the Minister.

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