Bank Of Baku

Cooperation opportunities on energy sphere between Azerbaijan and EU discussed in Baku

Cooperation opportunities on energy sphere between Azerbaijan and EU discussed in Baku
# 15 February 2011 10:15 (UTC +04:00)
According to APA-Economics, Deputy Minister of Industry and Energy Natig Abbasov told that, the memorandum covered the adaption of Azerbaijani legislation to European legislation, “South Corridor”, energy safety, renewable energy, protection of energy efficiency and energy resources, alternative energy, supply, technical cooperation and practice exchange.

Speaking about Azerbaijan’s economic development Natig Abbasov noted that, Azerbaijan provides itself with energy safety: “We produced 32 mn tons of oil in 2006, 50 mln tons in 2009 and 51 mln tons in 2010. Azerbaijan directs the oil incomes to non-oil sector”.

In turn, director of European Commission Directorate-General for Energy Georgette Lalik noted that, Azerbaijan was one of the main partners of European Union.
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