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Azerbaijani President: TAP Provides Best and Most Attractive Conditions for Investors

The Trans Adriatic Pipeline (TAP) provides the best and most attractive conditions for investors, and we are very glad that this project was selected in a fair competition, Azerbaijani President Ilham Aliyev said at a joint press conference with Italian Prime Minister Enrico Letta in Baku.

President Aliyev underscored that the energy cooperation will open a new page in relations of Azerbaijan and Italy, adding that it will play an important role not only for bilateral relations but also for relations between the EU and Azerbaijan.

"Our energy projects will provide energy security for Europe, and at the same time, open new big markets of the European Union for us. We have huge oil and gas reserves, we have already diversified supply routes, but of course we are looking for the big markets and long-term cooperation," he said.

"Regional cooperation is very important here. Azerbaijan plays its role, because it is a Caucasus country, a country of the Caspian, and strong connections to Europe," the President noted, adding that hopefully in the future better results will be achieved.

The President noted that expanding non-energy sector and diversifying economy is one of the main priorities of the Azerbaijani government.

"It is our common understanding that we need to expand our economic cooperation," President Aliyev said.

Source: Trend

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