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Ilham Aliyev: Today 2 important documents will be signed
President of Azerbaijan Ilham Aliyev announced the signing of two important contracts today.
As Report conveys, the head of state made this statement while speaking at the II Azerbaijan International Investment Forum.
According to him, a contract will be signed today for the development of the second phase of the Absheron field, which will increase gas production in Azerbaijan by an additional 5 billion cubic meters in 3-4 years.
The second agreement will be signed with the company Exxon for the development of unconventional oil and gas fields with enormous potential.
Thus, according to the President, the oil and gas sector will continue to be one of the most attractive and, in terms of investment volumes, the largest segment. "And this is a long-term prospect," he added.
Ilham Aliyev emphasized that the main Euro-Atlantic trend regarding fossil fuels has now changed thanks to US President Donald Trump.
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