Ilham Aliyev Discussed Fate of TAP Pipeline in Italy
Currently on a working visit to Italy, Ilham Aliyev was met by the Prime Minister of this country Matteo Renzi.
As stated in an official statement, during the meeting in the extended format Renzi noted the successful development of bilateral relations, describing them as partnership and advocated their deepening.
In particular, Renzi noted the importance of cooperation in order to implement the gas pipeline project TAP (Trans Adriatic Pipeline).
In response, Aliyev called the bilateral strategic partnership cooperation, which has been successfully developing in the political, economic, energy, cultural and other spheres.
There are good opportunities for expansion of ties in the fields of infrastructure, agriculture, pharmaceuticals, transportation, health care and other industries. -02D-
Economics
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The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
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Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
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Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
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The CEO of ICGB, the operator of the Greece-Bulgaria Interconnector (IGB), Theodor Georgieva, underscored the critical role of Azerbaijan and other gas suppliers to the European Union in the event of a potential cessation of Russian gas deliveries through Ukraine, speaking to journalists on the sidelines of COP29 in Baku.
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