President of Azerbaijan IlhamAliyev participated in the Southern Gas Corridor (SGC) Advisory Council Third Ministerial Meeting that kicked off in the Heydar Aliyev Center in Baku. The meeting brought together the energy ministers and representatives of various organizations from the Southern Gas Corridor member-states, as well as MarosSefcovic, vice-president for Energy Union, co-chair of SGC Advisory Council. He noted that Azerbaijan has established close cooperation with the European Commission for the implementation of SGC project.
Iranian investments in Azerbaijan’s economy amounted to almost $1.2 billion, $145 million of which were invested in the country’s non-oil sector, Head of Azerbaijan Export and Investments Promotion Foundation (AZPROMO) Rufat Mammadov said. He made the remarks Nov. 10 at the “Investment opportunities of Azerbaijan and Iran” conference in Baku.