The 2 SOCAR International Caspian and Central Asia Downstream Forum – Trading, Logistics, Refining, Petrochemicals is organised by Confidence Capital Ltd in collaboration with the Baku Higher Oil School (BHOS) and powered by SOCAR.

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The Minister of Energy of Azerbaijan Natig Aliyev and the Director of Confidence Capital

Andrew Rudenko

Rector of the Baku Higher Oil School Elmar Gasimov noted in his welcome address that the Forum is dedicated to the 94th birthday anniversary of the National Leader of Azerbaijan and initiator of the country’s oil strategy Heydar Aliyev. After welcoming the Forum participants and guests, BHOS rector emphasised the event’s great importance for the country, as it facilitates building business ties between professionals from across the globe, and effectively advocates the oil strategy implemented under the auspices of Azerbaijan’s president Ilham Aliyev.

In his address to the Forum participants and guests, Deputy of the Chairman of the Milli Mejlis of Azerbaijan Republic, Chairman of the Standing Commission on Natural Resources, Energy and Environmenta Issues Valeh Alasgarov marked the invaluable contribution of the National Leader Heydar Aliyev to establishment of the independent Azerbaijan and development of the country’s fuel and energy sector, and wished success to the Forum.

The Minister of Energy of Azerbaijan Natig Aliyev spoke of the aspects of the modern-day global energy map. The Minister also noted how proud he is to take part in implementation of Azerbaijan’s oil strategy, devised by the National Leader Heydar Aliyev. In his speech, Natig Aliyev touched upon the questions of implementation and prospects of grand projects in logistics, refining and petrochemistry, coming to life under the auspices of Azerbaijan’s president. He laid emphasis on Azerbaijan’s special role in promoting Europe’s energy security.

Khoshbakht Yusif-zade, SOCAR’s First Vice President for Geology, Geophysics and Field Develoment spoke in detail on the company’s strategy and plans. He enlightened the Forum participants about Azerbaijan’s oil production history, the role of Azerbaijan oil in economic development of the former USSR and assuring victory in WWII. SOCAR’s First Vice President also pointed out the great importance of the founder of the modern Azerbaijani state Heydar Aliyev’s role in development of the Republic’s fuel and energy sector through attracting foreign investments in Azerbaijan economy in the final decade of the past century. He stressed that the President of the Republic of Azerbaijan Ilham Aliyev pays special attention to this sector, which is why SOCAR was able to expand its operations far beyond the country’s borders. Khoshbakht Yusif-zade also shared his memories of the National Leader Heydar Aliyev with the Forum’s participants and guests.

Speaking of the strategic course of development for Azerbaijan’s petrochemical sector, Chairman of Azerkhimiya Supervisory Council Mukhtar Babayev informed the session attendees of the projects currently under way, as well as of prospective future projects in this field. He congratulated those present with the Forum’s start.

The SOCAR International Forum’s aims to analyse the latest trends and possible development scenarios for cooperation in hydrocarbon trade and exports in the Caspian region and Central Asia. Practical information on major petroleum sector development patterns, needed for strategic decision-making and day-to-day operations management, will be provided in the course of the event.

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