President of the Republic of Azerbaijan Ilham Aliyev has met a delegation led by President and Group Chief Executive Officer (CEO) of Malaysian Petronas company Datuk Wan Zulkiflee Wan Ariffin.

The head of state hailed Petronas` involvement in Azerbaijan`s energy sector, expressing hope that close partnership between the State Oil Company of the Republic of Azerbaijan and Petronas will contribute to the strengthening of Azerbaijani-Malaysian bilateral relations. President Ilham Aliyev said the bilateral ties between the two countries were at an active stage of their development, and noted that there was a big potential and promising initiatives in various aspects of these ties, especially in the oil and gas sector. Touching upon Petronas` activities in the Azerbaijani sector of the Caspian Sea, the head of state stressed the importance of the discussions aimed at determining the new format of partnership. President Ilham Aliyev said that these discussions will open up new opportunities, and emphasized the significance of increasing attempts on this front. President Ilham Aliyev said the joint activity of the State Oil Company of the Republic of Azerbaijan and Petronas will create better opportunities for cooperation in the business sector. Saying that political relations between Azerbaijan and Malaysia are at a good level, the head of state underlined that these ties play a significant role in developing the cooperation between the State Oil Company of the Republic of Azerbaijan and Petronas. The head of state underlined the necessity of maintaining active cooperation for reaching the defined goals to strengthen the bilateral ties.

Datuk Wan Zulkiflee Wan Ariffin said Petronas will remain committed to cooperating with Azerbaijan. He hailed the investment environment in the country.

Datuk Wan Zulkiflee Wan Ariffin said Petronas attaches great importance to its cooperation with the State Oil Company of the Republic of Azerbaijan in all areas, and noted that his company was keen to expanding its activity in Azerbaijan. Touching upon development of Shahdeniz gas field, Datuk Wan Zulkiflee Wan Ariffin said Petronas will take an active part in the realization of this project.