Azerbaijan is on threshold of new energy development: Hillary Clinton

"The development of the Azeri-Chiraq-Gunashli offshore oilfields, and the subsequent formation of the Azerbaijan International Operating Company (AIOC), was a landmark event in international oil and gas development, as well as a great success for international energy diplomacy," said U.S. Secretary of State Hillary Clinton in her  letter sent to Azerbaijani President Ilham Aliyev.

Daniel Stein, senior assistant to U.S. Special Envoy for Eurasian Energy Richard L. Morningstar, read out the letter during the event marking the 15th anniversary of the Contract of the Century at the Buta Palace Sept. 15.

"Promotion of international energy security remains critical for the Eurasia region. "In this regard, the July 13 signing of the Nabucco inter-governmental agreement was a major milestone in our joint efforts to open the Southern Corridor, which will bring Caspian gas to Europe," Clinton said in her letter.

"We hope that Azerbaijan, Turkey, and other interested countries will be able to build on this Momentum and agree on those remaining issues needed to make the southern corridor a reality," said the letter by the U.S. Secretary of State.

"Azerbaijan is on the threshold of a new and even more promising phase of energy development, and we look forward to continuing to work with you and other leaders in the region to develop new oil and gas resources and new routes to bring those resources to market," the message said.

/Trend Capital/