Azerbaijan may bring oil output to 60-65 mm tons in 2 years

Jul 10, 2006 02:00 AM

President Ilham Aliyev of Azerbaijan is positive that in the near future their country will be able to make investments in the economies of other countries.
"Azerbaijan will become a donor country. We shall help others, and the time for it is not far off," Ilham Aliyev said.

Aliyev said that Azerbaijan was turning into "a very important country" thanks to its oil and gas reserves. According to his information, Azerbaijan will produce annually 60 to 65 mm tons of oil within two years.
"According to the estimates of the World Bank, revenues to our treasury will amount to $ 140 bn within the coming 20 years. This means that all the problems facing Azerbaijan will be resolved," Aliyev said.

Aliyev believes there is one more reason for Azerbaijan's growing importance: key transport routes connecting the East and the West go by its territory. In his opinion, this permits to pursue an independent policy in all spheres.
"We do not depend on anybody. Neither do we need help of any other country, or will need it in the future," he said. At the same time, Aliyev believes that along with the growth of interest in Azerbaijan, "pressure exerted on out country will also grow."
"We have to stand the pressure, however, and we are standing it," he said.

Aliyev stressed that the strengthening of the country promoted the concentration of various interests there.
"This is our job to channel those interests in the direction, which would be positive for us, for the well-being of the Azerbaijani people," he said.

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