BAKU: Azerbaijani And S. Korean Presidents Hold Press Conference

AZERBAIJANI AND S. KOREAN PRESIDENTS HOLD PRESS CONFERENCE

Azeri Press Agency, Azerbaijan
April 23 2007

Azerbaijani and Korean presidents Ilham Aliyev and Roh Moon–hyun
held a press conference after the documents were signed, APA reports
quoting Azertaj state agency.

Korean president said they are interested in the expansion of economic
relations and relations in applying new technologies.

"We are implementing joint projects in Azerbaijan in non-oil sector, as
well as in the spheres of transport, agriculture, energy, information
technologies, humanitarian and other spheres," the president said.

Azerbaijani president mentioned that terms on economic, political,
cultural cooperation are reflected in the joint statement of the two
presidents. Ilham Aliyev thanked Korean president for his position
in the justice solution to the Armenia-Azerbaijan, Nagorno-Karabakh
conflict. The head of state spoke about the economic growth of our
country and favorable conditions created for foreign investors in
Azerbaijan President Aliyev responding to the journalists stressed
that there is a good condition in Azerbaijan for the participation of
Korean businessmen in the fields of energy, information technology,
infrastructure and other projects and also informed them of our
country’s oil and gas sectors.

Korean President said they are interested in oil development
of Azerbaijan’s Inam field in the Caspian Sea, and reminded that
negotiations have been carried out on it. He said that working group is
established for the expansion of bilateral relations with Azerbaijan.

President Aliyev stated that Azerbaijan is interested in the
cooperation with Korean companies and it is ready to the expansion
of cooperation in the fields of energy, transport, agriculture,
information technology. He said that the negotiations are being
carried out on Inam field and expressed confidence in the achievement
of positive results.