{"id":22096,"date":"2010-09-18T06:04:23","date_gmt":"2010-09-18T04:04:23","guid":{"rendered":"http:\/\/www.turkishforum.com.tr\/en\/content\/?p=22096"},"modified":"2023-04-04T18:48:07","modified_gmt":"2023-04-04T15:48:07","slug":"azerbaijan-to-invest-5bn-in-turkey","status":"publish","type":"post","link":"https:\/\/www.turkishnews.com\/en\/content\/2010\/09\/18\/azerbaijan-to-invest-5bn-in-turkey\/","title":{"rendered":"Azerbaijan to invest $5bn in Turkey"},"content":{"rendered":"<p><strong><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-22097\" src=\"https:\/\/www.turkishnews.com\/en\/content\/wp-content\/uploads\/2010\/09\/Natiq-Aliyev.jpg\" alt=\"\" width=\"360\" height=\"270\" srcset=\"https:\/\/www.turkishnews.com\/en\/content\/wp-content\/uploads\/2010\/09\/Natiq-Aliyev.jpg 360w, https:\/\/www.turkishnews.com\/en\/content\/wp-content\/uploads\/2010\/09\/Natiq-Aliyev-300x225.jpg 300w\" sizes=\"auto, (max-width: 360px) 100vw, 360px\" \/>Azerbaijani state companies are planning to invest some $5bn in Turkey in the next two to three years, a minister has said.<\/strong><\/p>\n<p>&#8220;The investments of Azerbaijani state companies in Turkey top $3bn today. In the coming two to three years our state companies are planning investments of $5bn in the Turkish economy, not to mention investment from the private sector,&#8221; Azerbaijan\u2019s minister of industry and energy, Natig Aliyev, told a conference in Baku today.<\/p>\n<p>Azerbaijan invests in Turkish energy projects in particular, with state oil company SOCAR holding the majority of shares in Turkey&#8217;s petrochemical giant, Petkim<\/p>\n<p>Natig Aliyev told the international conference, entitled the Azerbaijani Model of Economic Development, that Azerbaijani companies were actively investing in Georgia too. He said that Azerbaijan met 90% of Georgia&#8217;s needs for gas and Azerbaijan&#8217;s state company, SOCAR, was modernizing the gas distribution network in Georgia.<\/p>\n<p>Natig Aliyev also said that Azerbaijan was working to increase oil and gas production.<\/p>\n<p>Economic Development Minister Shahin Mustafayev told the conference that Azerbaijan had become the region&#8217;s economic power house, accounting for 75% of the total gross domestic product (GDP) of the three South Caucasus states.<\/p>\n<p>&#8220;In Azerbaijan, the years of reform by late President Heydar Aliyev and current President Ilham Aliyev have created a liberal and independent economy, relying on its own resources and integrated into the global economy,\u201d Mustafayev said.<\/p>\n<p>He said that Azerbaijan&#8217;s status was reflected in the country&#8217;s international credit rating and in global assessments on the ease of doing business.<\/p>\n<p>Interfax-Azerbaijan, Fineko\/ABC<\/p>\n<p>, 17 September 2010<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Azerbaijani state companies are planning to invest some $5bn in Turkey in the next two to three years, a minister has said. &#8220;The investments of Azerbaijani state companies in Turkey top $3bn today. In the coming two to three years our state companies are planning investments of $5bn in the Turkish economy, not to mention [&hellip;]<\/p>\n","protected":false},"author":83,"featured_media":22097,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[41,846,89],"tags":[3662],"class_list":["post-22096","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-azerbaijan","category-business","category-turkey","tag-azerbaijani-investment-in-turkey"],"_links":{"self":[{"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/posts\/22096","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/users\/83"}],"replies":[{"embeddable":true,"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/comments?post=22096"}],"version-history":[{"count":0,"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/posts\/22096\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/media\/22097"}],"wp:attachment":[{"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/media?parent=22096"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/categories?post=22096"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/tags?post=22096"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}