President Aliyev: Investments in countries can be made only under conditions of stability

“Energy policies and cooperation in this sphere - long-term cooperation - should be built only on a healthy basis,” said Azerbaijan's President Ilham Aliyev.

He made his remarks speaking at the opening of the 23rd International Caspian Oil & Gas Exhibition and Conference and the 6th Caspian International Power and Alternative Energy Exhibition. The events kicked off in Baku on June 1.

The president said the energy factor should never be used for other purposes and shouldn't be used to get privileges in other spheres. Ilham Aliyev said he believes that Azerbaijan's stance on this issue has won acclaim on a global scale.

"We want Azerbaijan to develop more rapidly and want stability to be strengthened in the region," said President Aliyev, adding that Azerbaijan is naturally concerned over the ongoing processes in the world.

Ilham Aliyev noted that new hotbeds of conflicts are emerging in various parts of the world.

"We are trying to ensure stability in our region," said the president, adding that a country's development is possible only under the conditions of stability and investments can be made only under the conditions of stability. (Trend.az)