"You mentioned the contributions of Heydar Aliyev. In the 1970s, a new era of Azerbaijan's oil industry began, and you remember those days quite vividly as someone who was involved in that work," said President Ilham Aliyev at the ceremony to launch the “Academician Khoshbakht Yusifzade” tanker built at Baku Shipyard by order of the “Azerbaijan Caspian Shipping” Closed Joint-Stock Company, APA reports.
"As a result of Heydar Aliyev's initiative, a new impetus was given to the development of oil and gas fields in the Caspian Sea in Azerbaijan. Among those things, as you remember very well, it was on Heydar Aliyev's initiative and, I would even say, on his insistence that the Deep Water Jackets Factory was built. It was originally expected to be built in Astrakhan, but when he found out about that, he appealed to the senior officials of the Soviet government and proved that the most suitable place for the construction of the Deep Water Jackets Factory was Baku, Azerbaijan. Why? Because Baku was the center of the entire oil and gas industry of the Caspian Sea, and he succeeded," Ilham Aliyev stated.