Azerbaijan expands global energy role through foreign investment
Azerbaijan is strengthening its role in international energy projects through foreign investment, Azerbaijan’s Foreign Minister Jeyhun Bayramov said...
Azerbaijan’s Minister of Economy, Mikayil Jabbarov, has met with EU Commissioner for Enlargement and Neighbourhood, Marta Kos. The Ministry of Economy reported on the meeting.
During the discussions, the European Union was described as one of Azerbaijan’s key foreign trade partners, with both sides expressing satisfaction at the development of economic cooperation. Successful ties in the fields of energy and investment were noted, while the significant potential for expanding collaboration in the transport sector was underlined.
The meeting also addressed the draft financing agreement between Azerbaijan and the European Commission on a project supporting demining, water resource management and the sustainable development of the transport sector.
In addition, the sides exchanged views on investment opportunities within the EU’s new global connectivity strategy, the “Global Gateway” initiative, covering energy, the digital economy, transport, the private sector and other areas.
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Azerbaijan is strengthening its role in international energy projects through foreign investment, Azerbaijan’s Foreign Minister Jeyhun Bayramov said on Thursday, describing the energy sector as a central pillar of the country’s economic diplomacy.
The move is intended to combine digital innovation and long-term infrastructure planning with further modernise urban mobility while strengthening the country’s position as a key transit hub across Eurasia.
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