Economics
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Rovshan Najaf, President of the State Oil Company of the Republic of Azerbaijan (SOCAR), met on May 2 with Alexey Chernyshov, CEO of the Ukrainian company Naftogaz, to discuss expanding collaboration in the oil and gas industry. The discussions, according to a SOCAR statement, focused on possibilities for Azerbaijani gas storage in Ukraine and explored broader energy issues including energy transition and decarbonization.
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BP has inaugurated a new laboratory at Baku Engineering University on May 3, aiming to bolster the training of specialists in information and communication technologies (ICT) and cybersecurity within Azerbaijan. This initiative marks a significant step by BP to foster local talent and enhance digital security expertise in the region.
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Mastercard is opening a new office in Baku, highlighting its commitment to Azerbaijan as a pivotal market in its regional strategy. The new facility will provide operational, technical, and consulting services, reinforcing Mastercard's role in advancing payment infrastructure and financial accessibility in the region.
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Azerbaijan and Uzbekistan signed 11 strategic agreements, including the creation of a $500 million joint investment fund, during the inaugural Uzbek-Azerbaijani interregional forum held in Tashkent, marking a significant step towards strengthening their economic partnership.
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