Azerbaijani minister: National Oil Strategy promotes sustainable economic development
    PHOTO

    ECONOMICS  22 September 2023 - 14:06

    Chairman of the Supervisory Board of the State Oil Company of the Azerbaijan Republic (SOCAR), Economy Minister Mikayil Jabbarov has said that spending oil and gas revenues to diversify the economy and expansion of the non-oil sector stipulates Azerbaijan’s sustainable development and increases its economic power.

    Jabbarov made the remarks at an event on the occasion of “Oilman’s Day” professional holiday at the Gulistan Palace, Report informs, citing SOCAR.

    He conveyed the congratulations of Azerbaijani President Ilham Aliyev on “Oilman’s Day” and emphasised that the national oil strategy, laid down by Azerbaijani national leader Heydar Aliyev and which is successfully implemented under the leadership of the president today, further strengthens the country’s international positions, contributes to the sustainable development of the economy, and plays an exceptional role in improving the well-being of the population.

    Azerbaijani Minister of Energy Parviz Shahbazov, Minister of Digital Development and Transport Rashad Nabiyev, CEO of the Azerbaijan Investment Holding Ruslan Alixanov, President of SOCAR Rovshan Najaf, former CEO of BP Lord John Phillip Browne, Regional President for Azerbaijan, Georgia and Türkiye Gary Jones, Equinor’s (Statoil) former manager on Azerbaijan Tor Ivar Pedersen and other officials attended the event.


    Caliber.Az

    Subscribe to our Telegram channel


Read also

OECD joins efforts with Azerbaijan to develop country's "green" economy

29 November 2023 - 10:43

Azerbaijan proposes to optimise prices, conditions for transporting along Middle Corridor

28 November 2023 - 20:59

Azerbaijan, Turkmenistan discuss electricity export PHOTO

28 November 2023 - 20:49

SOCAR's representative office opens in Ashgabat

28 November 2023 - 18:01

Fitch Solutions: Economic growth to reach 3.1% in Azerbaijan in 2024

28 November 2023 - 18:48

Ashgabat hosts Turkmen-Azerbaijani business forum PHOTO

28 November 2023 - 16:34
ADVERTS
Video
Latest news

    Azerbaijan key geopolitical player, economic centre of Caucasus – Pakistani journalist

    29 November 2023 - 12:56

    Azerbaijani, Armenian deputy PMs to meet at conventional border

    Baku, Yerevan to discuss delimitation issues soon

    29 November 2023 - 12:49

    US Osprey crashes off southwestern Japan island: coast guard

    29 November 2023 - 12:42

    Over 1,700 Armenian trucks waiting to pass via Lars checkpoint

    29 November 2023 - 12:35

    Turkish Baykar firms conducts ninth flight test of Bayraktar TB3 strike drone

    VIDEO

    29 November 2023 - 12:28

    Belarus ratifies memorandum on joining Shanghai Cooperation Organization

    29 November 2023 - 12:21

    Armenian government has no idea what economic diplomacy means – economist

    29 November 2023 - 12:14

    Experts reflect on US-Azerbaijan aggravation: when and how will that end?

    Pritchin and Neizhmakov on Caliber.Az

    29 November 2023 - 12:07

    Azerbaijani servicemen attend international drills in Türkiye

    29 November 2023 - 12:00

    Politico: Pentagon says it has no money for Middle East buildup

    29 November 2023 - 11:53

    Hamas senior official invites Elon Musk to visit Gaza

    29 November 2023 - 11:46

    US in talks with Greece on buying shells for Ukraine

    29 November 2023 - 11:39

    Türkiye may ratify Sweden's NATO membership by late 2023

    29 November 2023 - 11:32

    Armenian pundit says France's military aid won't make Armenia stronger than Azerbaijan

    29 November 2023 - 11:25

    Armenian pundit: Azerbaijan has strategic plan and implementing it

    29 November 2023 - 11:18

    Western Azerbaijan Community urges Armenia to stop destroying Azerbaijani cultural heritage

    29 November 2023 - 11:15

    Media: Czech Republic plans to freeze new Russian real estate developments

    29 November 2023 - 11:11

    Russian air defence forces shoot down Ukrainian drone near Moscow

    29 November 2023 - 11:04

    Political analyst talks roles of Azerbaijan, Armenia in US' South Caucasus strategy

    29 November 2023 - 10:57

    Israeli forces incurse into Palestine's Jenin city en masse

    Injuries reported

    29 November 2023 - 10:50

    OECD joins efforts with Azerbaijan to develop country's "green" economy

    29 November 2023 - 10:43

    Poland to send military servicemen to Finland

    To guard the border with Russia

    29 November 2023 - 10:36

    Azerbaijani police seize Armenian-left ammunition in liberated Zangilan

    29 November 2023 - 10:29

    Russia reports phytosanitary threat from Armenia

    29 November 2023 - 10:22

    Iranian drone fly near US Navy aircraft carrier ignoring multiple warnings

    29 November 2023 - 10:15

    Who's the most powerful person in Europe?

    Politico unveils

    29 November 2023 - 10:08

    South Korea plans restoring disarmed guard post on eastern front: sources

    29 November 2023 - 10:00

    Chechen leader's 16-year-old son named to post in rifle battalion

    29 November 2023 - 09:51

    Azerbaijan, Georgia discuss cooperation in higher education

    PHOTO

    29 November 2023 - 09:43

    Iran confirms acquisition of Russian Mi-28, Su-35, Yak-130 aircraft

    29 November 2023 - 09:35

    UNGA renews demand for Israel to withdraw from Golan Heights

    29 November 2023 - 09:23

    Great Return: Azerbaijan brings 17 more families back to Lachin

    PHOTO

    29 November 2023 - 09:12

    Politico names Ukrainian president Zelenskyy "Dreamer of the Year"

    29 November 2023 - 09:01

    IDF confirms Hamas passed on 10-months-old hostage boy to another terrorist group inside Gaza

    29 November 2023 - 08:57

    Russian court againmextends detention of US reporter accused of espionage

    29 November 2023 - 08:04

    Greek ancient sculptures at centre of diplomatic feud between Greece, UK

    29 November 2023 - 06:45

    European court grants countries right to ban religious symbols in public workplaces

    29 November 2023 - 05:10

    How Hamas built a force to attack Israel on October 7

    29 November 2023 - 04:23

    Trapped Indian construction workers get rescued from collapsed tunnel following 17 days ordeal

    29 November 2023 - 03:23

    Virgin airlines completes world's first transatlantic flight powered by cooking oil

    29 November 2023 - 02:25

All news