Bank Of Baku

Qatar takes interest in oil& gas cooperation with Azerbaijan

Qatar takes interest in oil& gas cooperation with Azerbaijan
# 10 June 2009 13:50 (UTC +04:00)
Baku. Nijat Mustafayev - APA-Economics. Qatar stands ready to cooperate with Azerbaijan in the oil and gas industry, said Khaled Yousef, head of Qatar’s Foreign Trade and Investment Department.

According to him, Azerbaijan and Qatar are much in common in the oil and gas development.

“The both countries are oil and gas exporters. We are ready to cooperate and share our experience with Azerbaijan,” he added.

He stated that Qatar is also interested in cooperating with Azerbaijan in the chemical industry and tourism.

“Qatar is not very well acquainted with the trading area of Azerbaijan. However, we see the secure and solid foundation in the Azerbaijani market. It is for this reason that we are not afraid of cooperating with Azerbaijan in any project,” he underlined.

He said that Qatar saw GDP grow by 34% over the past 4 years.

“GDM came 63% from oil and gas, 10% from financial and insurance sector, 6% from construction. Qatar produces 77 million tons of gas a year,” he said.
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