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Azerbaijan and Georgia expand cooperation

2012-03-07 13:01

Georgia and Azerbaijan are expanding cooperation in energy, said Georgian President Mikhail Saakashvili after his meeting with Azerbaijani President Ilham Aliyev.

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As reported by the IA Regnum, Georgia and Azerbaijan are expanding cooperation in energy, said Georgian President Mikhail Saakashvili after his meeting with Azerbaijani President Ilham Aliyev during the visit to Baku.

According to the edition, Georgian President said the gas pipeline linking the two countries would continue work at full capacity. At the meeting, the Presidents have agreed to establish a joint power company, which would be jointly export electricity to the third countries. According to Saakashvili, it would mean that Azerbaijan would continue invest the money in the construction of hydropower stations on the territory of Georgia. "This will help Azerbaijan to employ thousands of Georgian citizens and create new jobs, to build capacity and use Georgia's potential in the energy sector", the Georgian President stressed.

Saakashvili also said that they have also agreed on the construction of a powerful carbamide plant between the ports of Poti and Kulevi on the Black Sea, the edition added. Construction of the plant begins later this year; thousands of local residents will work there.

Recall, Azerbaijan intends to invest about $ 320 million in 2012. As reported by the RBC, after the meeting between the two presidents - Ilham Aliyev and Mikhail Saakashvili - the latter stated that it was about passenger and freight traffic from Azerbaijan and Georgia to Turkey and Europe. He explained that Azerbaijan and Georgia joined the European railway system, which is a very important factor for future development. Construction of the railway will be finished in 2013, Saakashvili said, according to the edition.

 

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