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Ambassador: US is pleased to continue cooperation with Azerbaijan within extension of agreement on ACG development

The U.S. is pleased to continue cooperation with Azerbaijan within the extension of Production Sharing Agreement (PSA) on development of Azeri-Chirag-Guneshli block of oil and gas fields, US Ambassador Robert Cekuta said.

He noted that the US has actively supported production of oil and gas resources in Azerbaijan and other places of the Caspian basin: “This happened in early 1990s. The main goal is delivery of oil and gas to Europe and other markets. And this contributed to economic development and global energy security.  

 

Azerbaijan’s importance is recognized by US today. This reality was clearly reflected in the US president Donald Trump’s letter on Azerbaijan’s Independence Day on May 28, as well as the 24th Oil and Gas Exhibition and conference, US Secretary of State Rex Tillerson’s letters to the Southern Gas Corridor and its Advisory Council held in February. US assisted Azerbaijan to transport its oil to world markets in late 1990s, provided political support to BTC, the US companies participated in here with their finances and technologies.

 

A new level of cooperation starts with contract. We are expecting new cooperation for development of new oil and gas fields.

 

The US has been and will be a long-term partner of Azerbaijan in oil and gas sector, non-oil sector and implementation of New Silk Road project”.

 

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