“There is a common opinion: high oil prices bring huge superprofits to exporters. Yes, this is so. Our income has grown. At the same time, we lost money in capital markets, since the funds of our state oil fund are located in various tools. The capital market fell. Therefore, we, like other sovereign funds, lost money, but not so many. Some sovereign funds lost funds worth more than $ 100 billion. We lost $ 2-3. ” This, in particular, said President Ilham Aliyev in an interview with the Italian newspaper ̇l Sole 24 Ore, answering the journalist’s question that today Azerbaijan receives a large income from energy resources.
Ilham Aliyev noted that “regardless of the diversification of our exports, non -enenft and oversized export will not correspond to the export of oil and gas, since oil and gas exports are growing. For example, last year we exported natural gas to Italy in the amount of 9.6 billion, and for 7 months of this year – $ 11 billion. Gas prices have fallen. So diversification is not statistics that is reflected in our gross domestic product, it means providing jobs and creating good living conditions for life for our people. For example, what can be seen if you pay attention to our gross domestic product in six months of this year? The gross domestic product increased by 6.2 percent, in the non -energy sector, – we can say, by 10 percent, and in the non -energy industry – by more than 11 percent, non -energy exports grew by 25 percent. That is, this indicates that the growth is obvious, but this is not enough. Therefore, m We need even greater reforms, even more investing in the non -energy sector, and for this, of course, in the business environment. There is, of course, there are progress in this matter, ”said the head of the Azerbaijani state.