Azerbaijan for energy cooperation with the European Union and became the first country which had to put forward the initiative to deliver Caspian hydrocarbons to world and European markets, said the President Ilham Aliyev at the end of negotiations with the EU Council President, Herman Van Rompuy.
According to Aliyev, Azerbaijan will continue to participate in providing the energy security of European partners.
Speaking about the new fields of Azerbaijan and the value of the pipeline TANAP, Aliyev said that these projects are designed for decades, maybe centuries.
With regard to the Karabakh conflict, Aliyev pointed to Armenia’s ignoring the UN Security Council resolutions on the necessity of liberation the occupied territories of Azerbaijan. -06D-
Economics
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Azerbaijan is set to significantly increase the proportion of electricity generated from renewable sources, currently standing at 14.4%, Deputy Economy Minister Samad Bashirli announced on Thursday at the Think Tanks Forum of the Organization of Economic Cooperation (OIC) held in Baku.
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Azerbaijan has entered into a partnership with Italian energy firm Technip Energies SpA to implement a pyrolysis oil production project aimed at enhancing waste recycling and promoting sustainable development, officials said on Tuesday.
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Belarus and Azerbaijan signed multiple cooperation agreements on Tuesday following talks between Belarusian Prime Minister Roman Golovchenko and Azerbaijani Prime Minister Ali Asadov during Asadov’s official visit to Minsk on October 3.
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Azerbaijan's state borrowings continue to increase, despite the country still benefiting from high global oil prices. The Ministry of Finance of Azerbaijan reported that as of the first half of 2024, the country's state debt amounted to 25 billion manats, which corresponds to 21% of its Gross Domestic Product (GDP).
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