admin April 12, 2016

Bilateral relations between Azerbaijan and Malaysia are of pivotal importance for both countries, and these ties have developed in various fields, including political, economic and others.

Azerbaijani President Ilham Aliyev made the remark in a meeting with the Deputy Speaker of the House of Representatives of the Malaysian Parliament, Seri Ronald Kiandee in Baku on April 12, Azertac state news agency reported.

President Aliyev said that there are ample opportunities for developing cooperation between the two countries in investment making, high technology, tourism and other fields.

Underlining Malaysian Petronas Company’s successful operation in Azerbaijan, the head of state said that the company has a large stake in one of the important projects in the country.

Describing Azerbaijan and Malaysia as friendly countries, President Aliyev emphasized that the two countries have always supported each other within international organizations.

Kiandee, in turn, said that it is his first visit to Baku. He highlighted the activity of the Malaysia-Azerbaijan friendship group at the Parliament of Malaysia, saying it consists of eight members.

He hailed the friendship group’s role in developing relations between the legislative bodies of the two countries.

Describing Azerbaijan as an important partner of Malaysia, Kiandee hailed the Malaysian Petronas Company’s activities in the country as a good example of bilateral relations.

As part of the Baku visit, the Malaysian delegation also visited the Alley of Honor and the Alley of Martyrs, as well as held discussion on the Baku-Kuala Lumpur ties at the Azerbaijani Parliament.

Malaysia enjoys close and friendly relations with Azerbaijan since diplomatic relations were established in 1993. Azerbaijan established its diplomatic mission in Malaysia in 2007, while Malaysia established its Embassy in Baku in 2014.

In 2015, total trade turnover between the two countries amounted to $89 million.

Malaysian National Oil Company – Petronas owns a 15.5 percent stake in the Shah Deniz production sharing agreement operated by a consortium of companies, 15.5 percent share in the South Caucasus Pipeline Company (SCPC), 15.5 percent share in the SCPC holding company, and 12.4 percent share in the Azerbaijan Gas Supply Company.

Spource: Azer News