; The specialists in fields of energy and transport, politicians and businessmen and representatives of civil institutions from various countries will take part at the Forum.
Caspian Forum, where the Caspian region development will be discussed, will open in Istanbul on Wednesday, said Haldoon Yavash, General Secretary the Caspian Strategic Studies Institute, told RIA Novosti.
“Owing to the huge energy resources and developed transport corridors, the Caspian region is on the agenda of the world politics and economy. At the third forum in Istanbul it is planned to discuss development of Caspian fields, transport infrastructure projects and the issues related to the energy safety in the region,” he said.
“Ministers from Turkey as well as high-ranking representatives from Balkan countries, European Union and USA will take part at the Forum. The representatives of the countries, through which the strategic trans-Adriatic pipeline (TAP) will be laid, also plan to attend the forum,” Yavash said.
The first Caspian Forum was organized by the Caspian Strategic Studies Institute in Istanbul in 2012. The second one was held in New York in September 2013, reported http://ria.ru.--0--
Economics
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Azerbaijan’s state oil company SOCAR signed a memorandum of cooperation with North Macedonian company ECM on Thursday, during a visit to Baku by North Macedonia's President Gordana Siljanovska-Davkova, an informed source told Turan.
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Discussions were held in Baku within the framework of the 29th session of the Conference of the Parties (COP29) to the UN Framework Convention on Climate Change, focusing on the "Decarbonization and Climate Adaptation of the Cotton-to-Clothing Value Chain." Among other topics, the state of cotton farming in Azerbaijan was also addressed.
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Azerbaijan has attracted significant interest from companies in both developing and developed countries, as well as from state and private sector representatives of at least 10 nations, regarding participation as shareholders in the Climate Finance Action Fund (CFAF), which has a total budget of $1 billion. The CFAF is one of Azerbaijan’s 14 key initiatives unveiled at COP29, Yalchin Rafiev, Azerbaijan's chief negotiator at COP29 and Deputy Foreign Minister, said at a press conference on Tuesday.
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The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
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