Bank Of Baku

British PM: Azerbaijan’s energy resources will play vital role in world economy in the years to come

British PM: Azerbaijan’s energy resources will play vital role in world economy in the years to come
# 05 June 2012 13:18 (UTC +04:00)
British embassy in Azerbaijan told APA that a letter of congratulation was read by ambassador Peter Bateman.

The letter says: ‘Azerbaijan is at the heart of a region whose energy resources will play a vital role in the world economy in the years to come. Azerbaijan has been playing a central and active part in unlocking those resources for the benefit of all. The landmark Inter Governmental Agreement negotiated late last year, coupled with the announcement of work towards the Trans Anatolian Pipeline for the transport of Shah Deniz gas to Europe, will help make the Southern Gas Corridor a reality. This marks a step change in the diversification of European energy supplies. It is also important to enabling development of the region’s hydrocarbon reserves. We are delighted that BP, the largest single foreign investor in Azerbaijan, has been so closely involved’.
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