Finland can help Azerbaijan diversify economy from oil and gas

Director of the Eastern Europe and Central Asia Department of the Ministry of Foreign Affairs of Finland Sirpa Oksanen said that Finland has a lot to offer Azerbaijan to diversify its economy from oil and gas, Angi reports.

She noted that Finland was one of the world leaders in the use of renewable energy sources.

“Finland is the second largest in Europe, accounting for 40 percent of total renewable energy consumption. We have something to offer Azerbaijan in the process of diversifying the economy from the dominant oil and gas sector.”

As the country is one of the world's greenest countries, she said it can contribute to sustainable development around the world.

She also added that EU Twinning projects and TAIEX tools are excellent vehicles for the two countries to learn from each other's experiences: “It would be interesting for Finnish specialists to participate in further Twinning projects. In the future, we would also like to see further use of the EU TAIEX tool for short-term technical assistance visits between Finland and Azerbaijan.”

Earlier it was reported that for 10 months of 2020, Azerbaijan reduced oil exports by 8.5%.