Joint energy projects of Azerbaijan and Turkey are of great significance for the world, said Azerbaijan’s President Ilham Aliyev.

Oil and gas currently make up 30 percent of Azerbaijan’s economy, said Azerbaijan’s President Ilham Aliyev.

The president made the remarks addressing the 23rd World Energy Congress in Istanbul, Turkey.

He said that Azerbaijan is working to reduce dependence on energy resources.

"Our energy policy enabled us to make investments in foreign countries. In the first years of our independence, Azerbaijan was dependent on foreign investment. We are now investing in foreign countries including Turkey, and we will continue this way,” said President Aliyev.

The president pointed out that Azerbaijan’s investments in Turkey amount to $20 billion.

“It is impossible not to take Azerbaijan and Turkey into account when discussing energy issues, because we do have energy resources and diversified export network. We organize our work based on mutual benefit,” he added.

President Aliyev said that Azerbaijan is pleased with Turkey’s development.

“To illustrate Turkey-Azerbaijan relations, I’d like to mention that Turkey could invite only one country to the G20 Summit. So Turkey invited Azerbaijan,” he reminded.

The president added that joint projects implemented by Azerbaijan and Turkey are continuing successfully.

“The Azerbaijan-Turkey friendship is permanent, eternal and indestructible,” he said.

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The president made the remarks addressing the 23rd World Energy Congress in Istanbul, Turkey.

President Aliyev pointed out that holding the 23rd World Energy Congress in Turkey is a very remarkable event.

“This shows Turkey’s role in the world energy policy,” said the president, adding this role is even more increasing and Turkey is taking very important steps to address the energy security issues.

“Turkey’s development and stability is necessary not only for the countries that like it and are friendly to it, but also for the whole world, as today, Turkey is playing a very important role in determining the world energy policy,” President Aliyev said.

“In July of this year, Turkey lived through a difficult test with dignity. Closely uniting around President Recep Tayyip Erdogan, Turkish people showed great heroism and prevented the military coup attempt, protected the statehood, protected Turkey’s present and future happiness,” said the president. “We, in Azerbaijan, are proud of you.”

“We implement many of our important energy projects jointly with Turkey and these energy projects are of great importance for the world,” Ilham Aliyev added.

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