Azerbaijan giving impetus to ensuring energy stability in Europe [UPDATE / PHOTO]

1 June 2017 11:03 (UTC+04:00)

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The 24th International Caspian Oil & Gas Conference, the largest oil and gas event of the Caspian region, kicked off in Baku on June 1.

Energy Minister Natig Aliyev, addressing the event, said that Azerbaijan is giving significant impetus to ensuring energy stability in Europe, Azerbaijan’s said.

He further said that Azerbaijan has been successfully cooperating with foreign partners in the oil and gas sector and implementing various big projects for 24 years.

“As a result of this cooperation, the development of such largest oil and gas fields in Azerbaijan, as ‘Azeri-Chirag-Gunashli’ and ‘Shah Deniz’ started,” he noted.

“Azerbaijan is implementing projects that have become vital for Europe,” he added. “That’s because the diversification of energy sources plays a major role in Europe’s security, and Azerbaijan is ready to play this role.”

The exhibition has brought together 289 companies from 30 countries.

Today, Caspian Oil & Gas demonstrates the most ambitious achievements of Azerbaijan in the field of oil production, scientific and technical research, the implementation of major projects. The current exhibition reflects the natural potential of the whole country; many stands convey the atmosphere of the historical transformations of Azerbaijan.

The expositions are attracted by the main thematic sections - innovative technologies in the field of oil production and transportation of energy resources, provision of oil and gas storage systems, existing and future oil and gas projects in the region. The companies demonstrate a wide range of equipment, services, innovative technologies, platforms and floating drilling rigs, laying pipes and providing pipeline security systems, and services.

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