Today.Az » Business » Azerbaijan for Russian companies developing its oil deposits
06 October 2006 [13:53] - Today.Az
Azerbaijan is in favour of Russian companies participating in the development of oil deposits in its territory, said Elmar Mammadyarov, the Azerbaijani foreign minister.

"If Russian companies have the wish to participate in oil extraction from our deposits, we will only welcome this. Much depends in this on the activity of the Russian oil-and-gas sector," Mammadyarov, told Itar-Tass on Thursday.

"Russian- Azerbaijani relations make very good progress. Many interesting projects are being implemented in the economic, cultural and educational areas," he noted.

Besides, Mammadyarov said, relations between Russia and Azerbaijan set a good example to countries, such as Georgia.

"Our ties are developing along the lines of mutual respect and good neighbourliness," the minister said.

"Given the lack of the language barrier, the existence of a huge market, as in Russia, the possibilities for the development of Azerbaijani agriculture, and the existing cultural closeness, it would be a sin not to help the development of our ties, of the economy," Mammadyarov said. Itar-Tass

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