"Azerbaijan's hydrocarbon reserves are important stimulus for development of refinery and chemical industry. Today, SOCAR is increasing its revenues from oil and gas industry".
"Gas Refinery Complex is planned to be built. Natural gas, especially associated gas will be treated from carbon gas. We are ready for negotiations with new partners showing interest in this project", Abdullayev said.
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11:39
A few years ago Azerbaijan chose construction of export pipeline to Europe. The Southern Gas Corridor was initiated by Azerbaijan, SOCAR President Rovnag Abdullayev said at the 25th Caspian Oil and Gas Conference.
"The SGC is a megaproject which is being carried out in two continents and some countries. However, we are very close to transportation of natural gas to Europe. The infrastructure has been completed for transportation of first commercial gas to Turkey. I’m sure we’ll get result of these works", he added.
SOCAR President noted that Azerbaijan is an engine of all these projects: "Both regional countries and different companies benefit from these projects. After having new gas transportation route, Azerbaijan will export its gas to any direction. This will strengthen country’s economic independence and international position. For the present, the most perspective gas market is Europe. We believe that Azerbaijan’s gas will meet Europe’s demand for gas in the near future".
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