The head of state made a speech at the event.
President of Azerbaijan Ilham Aliyev addressed the participants of the XXVI International Caspian Oil and Gas Exhibition and Conference.
Azerbaijani President Ilham Aliyev welcomed the participants of the exhibition on the occasion of the opening of the 26th International Caspian Oil and Gas Exhibition and Conference in Baku.
"The International Caspian Oil and Gas Exhibition and Conference has become a leading platform for demonstrating the main directions and strategic principles of the country's oil and gas industry to the international arena. Azerbaijan takes a decent place among large oil and gas exporters. The achievements we have gained through the dynamic development of our republic led to substantial improvements in all areas, including the non-oil sector", the head of state said.
"Today our country is known as a reliable partner in the international arena. We have fulfilled our commitments and created favourable conditions for foreign investors. Having a special position in the development of the world oil industry, Azerbaijan carries out large-scale investment projects in various countries."
"Last year, the first part of the Southern Gas Corridor project was officially inaugurated and a solemn ceremony held to launch the TANAP-Trans-Anatolian gas pipeline. The implementation of the project is one of the most memorable achievements of our energy strategy during the years of independence. TANAP clearly demonstrated the economic power of our country and its vital role in ensuring Europe's energy security. I am sure that with the completion of the Trans Adriatic Pipeline (TAP) project, a major infrastructure project - the Southern Gas Corridor will also be implemented in. This will enable us to deliver Azerbaijan's rich gas reserves to Turkey and European markets in a shorter and safer way", the President said.