Today Azerbaijani President Ilham Aliyev participated in the round table on "Energy security issues on the geopolitical decline in oil prices" at the Munich Security Conference.
Assessing the current situation and prospects of the world oil market, Ilham Aliyev note in the course of his speech that the first years of independence of Azerbaijan were very important for the development of the oil sector and investments in the oil and gas industries.
Today, oil is only 30% of the gross domestic product of the country, and the Azerbaijani leadership intends to achieve the same results in export operations, President of Azerbaijan said.