President Aliyev noted that BP-SOCAR cooperation is a model for many countries: “The Contract of the Century, Shahdeniz agreement have turned SOCAR into a big company. Today, SOCAR has great activity in the country and abroad. Our investments abroad amount to billions of dollars. It’s planned to invest $20 billion in the projects in Turkey alone. Half of this figure has already been made. SOCAR has great works, investments in other countries, European countries. Azerbaijani state supports SOCAR’s activity. This increases our economic strength. Two projects – SOCAR polymer and SOCAR carbamide plants are of great importance for development of the non-oil sector. Both projects are being implemented under the schedule and I’m sure that they will be launched next year.
Thus, Heydar Aliyev oil strategy was enriched with new directions. The Southern Gas Corridor is successfully being implemented today. Capital investment makes up $40 billion. Shahdeniz 2 and South Caucasus Pipeline are complete almost 100 percent, TANAP more than 80%”.
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