Azerbaijan is becoming increasingly important in ensuring energy security in Europe, Industry and Energy Minister Natig Aliyev said during his meeting with Romanian Deputy Economy, Trade and business Environment Minister and State Secretary for Energy Affairs Tudor Sherban today.

In 2010 Azerbaijan will produce 52.5 million tons of oil and 28.1 billion cubic meters of gas, the minister said.

At the moment, the Baku-Tbilisi-Ceyhan pipeline is pumping about 900,000 barrels of oil per day, the minister added.

During the energy conference held in Georgia Jan.13, 2010, Romania suggested signing a tripartite memorandum of cooperation for the development of a gas transportation route in the Azerbaijan-Georgia-Romania direction. The Romanian government considers that this project is of great importance not only for Romania but also for gas supply of the EU. Romania has several alternative proposals to help finance this project, supported by the EU.

Trend