Yesterday President of the Republic of Azerbaijan Ilham Aliyev received a delegation of members of the BP Board, led by chairman of the Board Carl-Henrik Svanberg, and including BP Group Chief Executive Bob Dudley.
Hailing the fact that the BP Group convened in Azerbaijan, President Aliyev said this was symbolic. The president said very important projects had been implemented in Azerbaijan under the BP-Azerbaijan cooperation, which spans more than 20 years.
The president pointed to the dynamics of development of the BP-Azerbaijan cooperation, describing these years as a period of the country's economic development. President Aliyev said he was proud that Azerbaijan became a modern, developing country, adding that this was possible through huge investments made in the energy sector.
Saying that vital projects had been implemented in the fields of production, exploration, transportation and others in Azerbaijan ever since, the president stressed that the country was on the verge of realizing an energy project, which was not only of regional, but also of global importance.
Highlighting the significance of the Southern Gas Corridor project in terms of energy security and diversification, President Aliyev said the project would contribute to the expansion of cooperation among many countries. Thanking BP for remaining committed to its cooperation with Azerbaijan, the president emphasized the significance of the fact that the company had a reliable partner in Azerbaijan such as the State Oil Company.
President Aliyev said the SOCAR-BP cooperation spanned 22 years, expressing his confidence that this collaboration would successfully continue in the years to come.
President Aliyev said the visit created a good opportunity for those members of the BP delegation who were in Azerbaijan for the first time to closely familiarize themselves with the country.
Svanberg said he witnessed great changes in Azerbaijan since his last visit, adding that they were deeply impressed by the development processes in capital Baku.
He hailed Azerbaijan's hosting high-profile international events, including Eurovision, European Games and Formula 1, adding that the foundations of all these accomplishments were laid with the signing of the Contract of the Century through leadership of national leader Heydar Aliyev.
Hailing the BP-Azerbaijan partnership as strong, Svanberg said they were proud of being involved in the projects aimed at ensuring development of the region.
Highlighting the importance of the Shah Deniz-2 and Southern Gas Corridor projects, he said they will contribute to the long-term cooperation between BP and Azerbaijan.—0--
Economics
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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