Baku News

10 May 2007 [20:16] - APA - Conference on hydrocarbons of the Caspian Sea will be held in the European Parliament. Forum of Azerbaijani Students in Europe (FASE) will organize the forum "Joint energy cooperation: Caspian Sea as eastern shore of Europe." The event will be held on May 15 in the framework of Brussels Forum of European Azerbaijanis. Emin Milli, one of the organizers of the forum said that a number of European countries facing energy crisis need increasing of energy resources of the European Union. "Caspian's hydrocarbons are of great importance from this aspect. 233bn cu m gas and 50mln tons oil is planned to be transported through newly-commissioned Baku-Tbilisi-Erzurum gas pipeline and Baku-Tbilisi-Ceyhan oil pipeline. Oil and gas of Kazakhstan and Turkmenistan will possibly to have an access to western markets," he said. The role of the European Union in the Caspian-Black sea region and mutual commitments in long-lasting strategic projects will be analyzed. The conference is to bring together members of European Parliament and Azerbaijani parliament, political figures, managers of Norwegian Statoil Company, lobbying groups and representatives of the embassies accredited in the European Union.