Refurbishes Old Hotel
The former New Europe
Hotel, which was famous at the turn of the last century, is new
once again, thanks to the recent renovation by Russian oil company
LUKOIL. In October 1999, the company moved its offices from Ichari
Shahar (Inner City) to the reconstructed building near Fountain
The hotel was originally built at the beginning of the 20th century
by Azerbaijani Oil Baron Musa Naghiyev. While preserving the
historic exterior of the building, LUKOIL equipped the interior
with a modern work environment. One of its most dramatic attractions
is the stained glass windows that can be viewed from the glass
elevator as it rises to the seventh floor. Artist Altay Hajiyev
designed the windows.
Attendees at the official October 1, 1999 opening ceremony included
Azerbaijani President Heydar Aliyev, Prime Minister Artur Rasizade,
Russian Ambassador Aleksander Blokhin, LUKOIL President Vahid
Alakbarov, SOCAR President Natig Aliyev, President of LUKoil
Europe Ltd Valery Golovushkin, Representative of LUKOIL's President
in Azerbaijan Fikrat Aliyev and other officials.
Photo: LUKOIL's new office
building, the refurbished New Europe Hotel, 1999.
President Aliyev spoke about the "glorious old days"
of the hotel. "I have many memories connected with this
hotel," he said. "When I came to Baku in 1950, I had
no place to live. I was told to stay in this hotel for a month
or so until I got an apartment. But instead of two months I lived
here for eight months. This hotel became home for me. It was
one of the earliest buildings in Baku to have an elevator."
Aliyev observed that at the end of the last century, Naghiyev,
known as the wealthiest of all Baku oil barons, built the hotel
to accommodate guests on oil-related business. Now at the end
of this century the building once again is serving people involved
in the oil industry. Aliyev expressed his gratitude to LUKoil
and its President Vahid Alakbarov for "breathing new life
into this building."
Photo: President Aliyev attending the opening
of LUKOIL's new office building, the refurbished New Europe Hotel,
LUKoil President Alakbarov, an Azerbaijani, expressed hope for
the future. "The relations between our two countries [Azerbaijan
and Russia] encourage me to look into the future with hope, to
believe that not only LUKoil, but also many other companies in
Russia, will start investing in Azerbaijan and that, in turn,
Azerbaijani companies will initiate joint projects in the Russian
In Azerbaijan, LUKoil is currently active in various projects
such as petrol stations, telecommunications and insurance. They
are also involved in three major oil projects including the AIOC
consortium for the development of the Azeri, Chirag and the deep-water
part of Gunashli fields; the gas-condensate field Shah Daniz;
and the prospective hydrocarbon structure Yalama (block D-222)
on the Caspian shelf.
(7.4) Winter 1999.
© Azerbaijan International 1999. All rights reserved.
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