U.S. Ambassador says Azerbaijan has a bright future

Azerbaijan has a bright future, U.S. Ambassador to Azerbaijan Richard Morningstar said at a meeting of the Caspian-European Integration Business Club (CEIBC). "I believe that the country will become a state with an advanced economy in the region and the world," he said.

"It is important to make some important actions in the country," he said. "Diversification of the economy is one of the most important issues now."

He said that significant measures must be implemented for the next 10 years to eliminate dependence on the oil sector.

"Azerbaijan has made great investments in the development of social spheres and this is very important for the country," he added. "However, a strong educational system must be created for the country's future."

He said that taking into account the reduction in oil and gas production in the future, Azerbaijan must develop the non-oil sector.

The ambassador stressed that the U.S. supports the Southern Corridor and is very active in the project.

"The U.S. is interested in increasing the global supplies," he said. "U.S. does not get oil through the Baku-Tbilisi-Ceyhan pipeline. However, this does not mean that we do not support the need of other countries in the oil and gas. Currently, the Baku-Tbilisi-Ceyhan pipeline is used by different countries. U.S. in general is interested in increasing the global oil and gas supplies."


/Trend/