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Spotlight Article

Azerbaijan President Ilham Aliyev visits Switzerland to attend the World Economic Forum in Davos

AzerTac News
January 27, 2014

Azerbaijan President Ilham Aliyev in Davos

Davos, 27 January (AzerTAc)

The President of Azerbaijan Ilham Aliyev has today left for Davos, Switzerland, to attend the annual meeting of the World Economic Forum.

Azerbaijan`s President Ilham Aliyev attended the World Economic Forum`s session entitled “Global Energy Outlook”.

The World Economic Forum Annual Meeting has, for the last four decades, engaged leaders from all walks of life to shape the global agenda at the start of each year.

In response to new priorities, the organizing theme for this year`s Annual Meeting is a call to action, "Improve the State of the World: Rethink, Redesign, Rebuild".
The meeting brings together nearly 2,500 participants, including government representatives of the world’s top 25 economies and fast-growing small countries, including heads of state and government, ministers of finance and economy, and ministers of foreign affairs as well as governors and mayors of the world’s top regions and cities.

The “Global Energy Outlook” session was opened by Daniel Yergin, Chairman of Cambridge Energy Research Associates. President Ilham Aliyev addressed the session to highlight Azerbaijan`s achievements in the energy sector.
The President praised his country`s role in the global energy security, saying Azerbaijan implemented a number of internationally important projects thanks to “a right policy and joint efforts of partners”.

“Today Azerbaijan exports its oil and gas in different directions,” added the Azerbaijani leader. The President said Azerbaijan enjoyed increasing its role on the world`s gas market.

“Our proven gas reserves are large enough. Currently Azerbaijan exports its gas to its neighbors, although some of them have much more gas than we do. We’ll continue diversifying our gas export routes.”

President Ilham Aliyev also highlighted Azerbaijan`s economic achievements, saying over the last six years the country had been among the world`s most rapidly developing economies.

“We conducted successful reforms to ensure that our economy develop on the basis of market economy principles. Currently the share of the private sector in the Gross Domestic Product is 85%. Azerbaijan continued to develop in 2009 despite it marked global crisis.”

The President said: “Azerbaijan`s GDP grew 9.3% last year, while industrial output saw a 8.6% increase. At the same time, Azerbaijan`s national currency did not lose its value.”

Other speakers at the session included Tony Hayward, BP CEO, Khalid Al-Falih, President of Saudi Aramco, Peter Voser, CEO of Royal Dutch Shell, Andrew Liveris, President of The Dow Chemical, and Thierry Desmarest, Chairman of Total.

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 A summit entitled “Oil and gas geopolitics: new borders” has been held on January 27, 2010 in Davos, Switzerland. Azerbaijan`s President Ilham Aliyev attended the event.

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During the working visit to Davos President Ilham Aliyev hold the meetings with his Slovenian counterpart Danilo Turk as well as BP`s Chief Executive Officer Tony Hayward, vice-president of Chevron Corporation Jay Pryor and the heads of different companies having business in Azerbaijan.

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