The Message from the president of the United States at the opening of the Caspian Oil and Gas exhibition
Dear Mr. President:
I offer my best wishes to you and the people of the Republic of Azerbaijan on the 20th anniversary of the International Caspian Oil and Gas Exhibition and Conference in Baku.† The tremendous investments made to bring Azerbaijanís natural resources to market over the years have helped stabilize the global energy supply and paid dividends for Azerbaijanís independence and economic development.
The strong relationships between Azerbaijan and its international partners have resulted in major energy projects that have transformed Azerbaijan into an important oil supplier for world markets and a significant source of gas for the region.† Over the next year, the second phase of the Shah Deniz project and the planned Trans-Anatolian Pipeline will move Azerbaijan closer to becoming a major gas supplier to Europe as well.
Azerbaijanís oil wealth has the potential to spur the development of a diversified economy, strengthen the rule of law, and boost the standard of living of the Azerbaijani people.† Please know that Azerbaijan has a committed partner in the United States, and I look forward to many years of cooperation.