Follow us:
  • Facebook
  • Twitter
  • Google+
  • AppStore
  • RSS
Azernews.Az
Thursday January 28 2021
  • Latest
  • Nation
  • World
  • Business
  • Oil & Gas
  • Armenian Aggression
  • Nagorno-karabakh conflict
  • Editorial
  • Analysis
  • Lifestyle
  • Events
  • Healthcare
  • Culture
  • Sports
  • Travel
Home
  • Home
  • Nation
  • World
  • Business
  • Oil & Gas
  • Armenian Aggression
  • Nagorno-karabakh conflict
  • Editorial
  • Analysis
  • Lifestyle
  • Events
  • Healthcare
  • Culture
  • Sports
  • Travel

Envoy: France ready to invest in Azerbaijan’s energy sector

13 February 2020 11:02 (UTC+04:00)
2 368

By Rasana Gasimova

French companies are ready to invest in Azerbaijan’s energy sector, French Ambassador Zacharie Gross has said.

“A large French energy company is ready to make multi-billion investments in the country's economy. It depends on Azerbaijan whether this intention will be realized or not,” Gross said in an interview to local media.

He noted that other leading French companies seek to invest in the development of Azerbaijan’s wind and solar electricity production.

Zacharie Gross also said that Total’s investment in the development project of Absheron offshore gas field in the Caspian Sea exceeded €1 billion, noting that active work on this project would begin in 2021.

“In addition, the French Development Agency is ready to invest in Azerbaijan’s green projects, such as solid waste management. This would allow using new cleaner technologies to reduce solid waste. This is beneficial for the environment and the local population,” Gross said.

He also noted that French companies specializing in security, particularly, computer security, are ready to carry out activities in Azerbaijan.

 “I believe that one of the areas that have greatest development potential is urban services sector. An improved water distribution system can reduce the amount of water consumed, improve its quality, and also solve the problem of flood waters in winter."

Gross said that France is also interested in the investment form Azerbaijani companies in the manufacturing sector.

Touching upon the trade turnover between the two countries, Gross noted that this indicator is at a fairly low level.

 “At the end of 2018, the volume of trade between the countries amounted to about €615 million euros. This is disappointing because world-class French companies are able to offer Azerbaijan a lot to diversify the economy, including know-how and technology,” he said.

Note that Azerbaijan is France’s main economic and trade partner in the South Caucasus.

In 2018, 2.4 percent of France’s total trade turnover with the three countries of the South Caucasus accounted for Azerbaijan. In 2019, France accounted for 3 percent of Azerbaijani exports and 2.1 percent of imports.

---

Follow us on Twitter @AzerNewsAz

  • #INVESTMENT
  • #COOPERATION
  • #FRANCE
  • #AZERBAIJAN

Related News

Kalbajar's most awe-inspiring sites <span class="color_red">[PHOTO]</span>

Kalbajar's most awe-inspiring sites [PHOTO]

14:42
Germany to continue close regional cooperation with Azerbaijan - Federal Foreign Office

Germany to continue close regional cooperation with Azerbaijan - Federal Foreign Office

14:17
Foreign Ministry thanks Turkey for handing over body of Azerbaijani engineer

Foreign Ministry thanks Turkey for handing over body of Azerbaijani engineer

12:15
Armenians vandalize Azerbaijani poetess’ grave in Aghdam <span class="color_red">[PHOTO/VIDEO]</span>

Armenians vandalize Azerbaijani poetess’ grave in Aghdam [PHOTO/VIDEO]

11:57
President Aliyev congratulates re-elected President of Portugal

President Aliyev congratulates re-elected President of Portugal

10:17
Snow expected in western regions

Snow expected in western regions

27 January 18:40
Azerbaijan benefited from cooperation with Turkey in Patriotic War - President's assistant

Azerbaijan benefited from cooperation with Turkey in Patriotic War - President's assistant

27 January 18:31
New Azerbaijani minister of transport, communications and high technologies introduced to staff

New Azerbaijani minister of transport, communications and high technologies introduced to staff

27 January 18:00
Azerbaijani FM, OSCE MG co-chair from France exchange views on situation in region

Azerbaijani FM, OSCE MG co-chair from France exchange views on situation in region

27 January 17:50
Ilham Aliyev receives Special Representative of President in Shusha <span class="color_red">[PHOTO]</span>

Ilham Aliyev receives Special Representative of President in Shusha [PHOTO]

27 January 17:29
  • Latest
  • Popular
15:16 • Azerbaijan hands over remains of 31 servicemen to Armenia
14:50 • Precious metal prices decrease in Azerbaijan
14:42 • Kalbajar's most awe-inspiring sites [PHOTO]
14:36 • Azerbaijani FM, French mediator mull regional situation, Karabakh peace deal
14:17 • Germany to continue close regional cooperation with Azerbaijan - Federal Foreign Office
13:51 • Azerbaijan starts reconstruction in Armenian-destroyed regions, cities
13:41 • Azerbaijani State Oil Company to enter new stage of development - minister
13:37 • Kapital Bank installs ATM, payment terminal in liberated Hadrut
13:20 • Meeting of trilateral group on Nagorno-Karabakh region may be held soon - Russian MFA
13:00 • Footage of cemetery destroyed by Armenians in Gubadly region's Saray village [PHOTO]
12:49 • President Aliyev familiarizes himself with renovation work in news schools in Baku [PHOTO]
12:48 • Trade, economic and investment cooperation between Kazakhstan and Ecuador expanding
12:15 • Foreign Ministry thanks Turkey for handing over body of Azerbaijani engineer
11:57 • Armenians vandalize Azerbaijani poetess’ grave in Aghdam [PHOTO/VIDEO]
11:22 • UK eyes participation in restoring Azerbaijan’s liberated lands
11:10 • AZERNEWS releases another print issue
11:04 • Top official eyes Turkey's role in ensuring regional peace in South Caucasus
10:42 • Liberating Azerbaijani territories formed new regional reality - Turkish Security Council
10:37 • U.S. envoy congratulates Azerbaijan on restoration of its territorial integrity
10:17 • President Aliyev congratulates re-elected President of Portugal
27 January 16:47 • President Aliyev: Liberation of Azerbaijan’s lands opens new opportunities for region [UPDATE]
27 January 18:50 • Trilateral statement on Karabakh being implemented consistently - Putin
27 January 16:35 • Relations between Azerbaijan and France to continue to develop - French official
27 January 17:29 • Ilham Aliyev receives Special Representative of President in Shusha [PHOTO]
27 January 16:00 • Azerbaijan and ICESCO. New partnership prospects.
27 January 18:40 • Snow expected in western regions
27 January 18:15 • Azerbaijan launches highway construction in Aghstafa district [PHOTO]
27 January 17:35 • Reconstruction of houses damaged as result of Armenian's aggression begins - Trend TV's reports from Barda and Tartar [VIDEO]
27 January 19:00 • State Property Service of Azerbaijan to auction small enterprises
27 January 18:00 • New Azerbaijani minister of transport, communications and high technologies introduced to staff
27 January 18:23 • Demand for Azerbaijani CBA's short-term notes exceeds supply fourfold
27 January 17:55 • Azerbaijani, Turkish FMs mull recent pirate attack on Turkish ship
27 January 18:31 • Azerbaijan benefited from cooperation with Turkey in Patriotic War - President's assistant
27 January 17:12 • Azerbaijan liberated its lands from occupation and new opportunities opened up - assistant to president
27 January 16:49 • Houses destroyed by Armenia in Azerbaijan's Tartar being restored - Trend TV reports [VIDEO]
27 January 17:50 • Azerbaijani FM, OSCE MG co-chair from France exchange views on situation in region
27 January 16:17 • No barriers for France to implement projects in liberated Azerbaijani lands - French minister
27 January 17:48 • Monitoring of historical monuments in Azerbaijan's liberated lands continues
27 January 16:40 • Gold, silver prices down in Azerbaijan
27 January 17:00 • State Art Gallery displays stunning art works
See more
AzerNews Newspaper
AzerNews
  • Facebook
  • Twitter
  • Google+
  • RSS

Information

About us Contacts Advertising Azernews In Print

News Archive

© 2021 AzerNews. All rights reserved