According to him, Azerbaijan is thinking about environmental protection and the rational use of natural resources: “If we compare the index of energy resource supply by country, Azerbaijan has a high position on a global scale. Productivity in Azerbaijan is higher than consumption. If the world has gas supply for 60 years, then Azerbaijan has 100 years; the same with oil”.
The Minister noted that the existing infrastructure is constantly being upgraded: “We don’t expect any problems. Even if oil and gas prices remain for some time, projects in the energy sector will not slow down and we are planning to maintain oil extraction at a stable level”.
As for gas, the minister said that our country will add new extraction fields and increase production, introduce new deposits, and continue with our investment strategy with foreign companies: “It’s still too early to talk about radical changes in structures, tactics or strategy”.
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