A cooperation agreement between Türkiye and Azerbaijan in the natural gas sector was published Wednesday in the Turkish Official Gazette, officially putting it into effect.
The pact between the two countries was signed last May in Istanbul by Turkish Energy and Natural Resources Minister Alparslan Bayraktar and Azerbaijan's Economy Minister Mikayil Jabbarov.
The pact further strengthens the two countries’ energy sector partnership.
Under the agreement, by 2030, additional volumes of Azerbaijan's natural gas from the Caspian region will reach Türkiye, with a portion of this gas set to be transported further to Europe. To facilitate this, the capacities of the Trans Anatolian Natural Gas Pipeline (TANAP) and Baku-Tbilisi-Erzurum Natural Gas Pipeline will both be expanded.
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Opportunities to initiate investment partnerships and expand energy cooperation were discussed during the 8th meeting of the Joint Intergovernmental Commission on Economic and Humanitarian Cooperation between Azerbaijan and Turkmenistan.
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The World Bank has announced that Tajikistan's medium-term outlook remains favourable, with growth projected to moderate to 7% in 2025 and converge toward a growth rate of 4.5% in 2026 and 5% in 2027.
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Türkiye is pressing Iraq to include a clause in a new energy deal that guarantees full utilization of the Kirkuk-Ceyhan oil pipeline, which has remained idle since 2023 due to legal disputes.
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