Azerbaijan Will Continue To Strengthen Its Position As Relia...| MENAFN.COM

Sunday, 27 November 2022 07:14 GMT

Azerbaijan Will Continue To Strengthen Its Position As Reliable Supplier Of Energy Resources - FM

(MENAFN- Trend News Agency)

BAKU, Azerbaijan, September 24. Azerbaijan aims to develop 'green' energy, Azerbaijani Foreign Minister Jeyhun Bayramov said speaking at the 77th session of the UN General Assembly in New York, Trend reports.

According to him, this is one of the five priority areas for the development of the Azerbaijani economy, despite the fact that the oil and gas sector plays an important role in the development of the country.

'It is against this background that the growth of the non-oil sector by over 11 percent was noted, which led to an increase in the country's total GDP by 7.2 percent', he said.

According to him, Azerbaijan is one of the few countries in the world that is actively developing the renewable energy sector, while remaining a hopeful supplier of energy resources.

'We will continue to strengthen our position as a reliable supplier of energy resources. The recently signed memorandum on cooperation between the EU and Azerbaijan in the field of energy is a good example of Azerbaijan's position as a provider of energy security,' he said.

As the FM noted, Azerbaijan has already invested $3 billion in the restoration of the liberated territories and intends to further increase the volume of investments.


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