Baku and Kyiv have signed an economic cooperation plan during the 13th meeting of the Intergovernmental Commission on economic cooperation between Azerbaijan and Ukraine as well as discussed gas supplies.
Commission's co-chairs - Azerbaijani Energy Minister Parviz Shahbazov and Ukrainian Energy Minister German Galushchenko - focused on Azerbaijani gas deliveries to Ukraine and the potential use of Ukraine’s underground gas storage facilities.
“We are open to new formats of cooperation in the gas sector. Specifically, Ukraine is offering its underground gas storage facilities to serve as an international gas hub. Our storage facilities are the largest in Europe and are available to foreign companies under a customs warehouse regime,” said Energy Minister Herman Halushchenko as azertag reported.
In addition to signing the roadmap, both sides discussed further steps to deepen cooperation, including joint energy projects, the development of renewable energy sources, and the involvement of Ukrainian companies in the modernization of Azerbaijan’s energy infrastructure.
The Ukrainian delegation also expressed gratitude for Azerbaijan’s humanitarian aid, including transformers and equipment to support the rebuilding of Ukraine’s energy infrastructure.
“Kyiv places great importance on its strategic partnership with Azerbaijan. It was one of the first countries to support Ukraine with energy equipment. We are committed to strengthening our relations,” Halushchenko said, according to Report.
Azerbaijan was among the first countries to provide humanitarian aid to Ukraine, delivering a total of $42 million in assistance. This included medicines, food, electrical equipment, and support for recovery and reconstruction efforts.
Energy Minister Parviz Shahbazov stated that the adoption of the Action Plan within the commission would elevate bilateral cooperation to a new level and help unlock the full potential of partnership, including energy, minerals, and agriculture, as well as opportunities within industrial parks and free economic zones.
Ukraine and Azerbaijan reaffirmed their commitment to strengthening strategic partnership in the energy sector, opening up new prospects for cooperation and contributing to the energy security of both countries.
The next session of the commission is scheduled to be held in Kyiv.
The 240-megawatt Khizi-Absheron Wind Power Plant has been inaugurated in Azerbaijan on Thursday (8 Jan) by President Illham Aliyev, who described the ...
Ukrainian President Volodymyr Zelenskyy stated on Thursday that the text of a bilateral security guarantee between Kyiv and Washington is "essentially...
Competing versions of what led to the fatal shooting of Renee Nicole Good by an Immigration Customs Enforcement agent are rife as President Trump and ...
President Ilham Aliyev has said the opening of the Zangezur corridor is no longer in question, describing it as a strategic transport link that will c...
Armenian Prime Minister Nikol Pashinyan met the outgoing U.S. ambassador Kristina Kvien at his office in capital Yerevan on Wednesday, according to a ...
The 240-megawatt Khizi-Absheron Wind Power Plant has been inaugurated in Azerbaijan on Thursday (8 Jan) by President Illham Aliyev, who described the launch as a landmark moment for Azerbaijan's energy sector. It's the first large-scale, independently developed wind energry project in the country.
President Ilham Aliyev has said the opening of the Zangezur corridor is no longer in question, describing it as a strategic transport link that will connect mainland Azerbaijan with the Nakhchivan Autonomous Republic and carry cargo from China and Central Asia to wider regional markets.
Armenian Prime Minister Nikol Pashinyan met the outgoing U.S. ambassador Kristina Kvien at his office in capital Yerevan on Wednesday, according to a statement released by his office.
Armenian Prime Minister Nikol Pashinyan has confirmed that fuel imports from Azerbaijan have resumed, saying the market is open to all businesses and that discussions on broader trade and border processes are continuing.
Open-source intelligence (OSINT) sources reported a significant movement of U.S. military aircraft towards the Middle East in recent hours. Dozens of U.S. Air Force aerial refuelling tankers and heavy transport aircraft were observed heading eastwards, presumably to staging points in the region.
Snow and ice stalled travellers in northwest Europe on Wednesday, forcing around a thousand to spend the night in Amsterdam's Schiphol airport but delighting others who set out to explore a snow-blanketed Paris on sledges and skis.
Diplomatic tensions between Tokyo and Beijing escalated as Japan slams China's export ban on dual-use goods. Markets have wobbled as fears grow over a potential rare earth embargo affecting global supply chains.
Two people have been killed after a private helicopter crashed at a recreation centre in Russia’s Perm region, Russian authorities and local media have said.
Iran’s chief justice has warned protesters there will be “no leniency for those who help the enemy against the Islamic Republic”, as rights groups reported a rising death toll during what observers describe as the country’s biggest wave of unrest in three years.
President Ilham Aliyev has said the opening of the Zangezur corridor is no longer in question, describing it as a strategic transport link that will connect mainland Azerbaijan with the Nakhchivan Autonomous Republic and carry cargo from China and Central Asia to wider regional markets.
Armenian Prime Minister Nikol Pashinyan met the outgoing U.S. ambassador Kristina Kvien at his office in capital Yerevan on Wednesday, according to a statement released by his office.
Armenian Prime Minister Nikol Pashinyan has confirmed that fuel imports from Azerbaijan have resumed, saying the market is open to all businesses and that discussions on broader trade and border processes are continuing.
Armenia has confirmed the shipment of a second batch of petroleum products from Azerbaijan, underscoring expanding economic ties between the two countries following the recent peace process. Yerevan's Ministry of Economy’s spokesperson, Lilit Shaboyan, verified the information.
Azerbaijan said it's conducting due diligence ahead of a potential $250–270 million investment in Israeli desalination company IDE Technologies, according to reports. The state investment company, Azerbaijan Investment Holding (AIH), is reportedly exploring the purchase of a 30% stake in the firm.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment