Report
Today Baku hosts the conference Investments in Infrastructure, Power Generation and Renewable Energy Sources in Azerbaijan, which was attended by representatives of foreign countries.
The head of the local office of the European Union Malena Mard said for the EU official Baku is an important trade and economic partner - imports of European products account for more than half of the imports.
According to her, during the recent visit to the Yevlakh region she was convinced of the priorities of agricultural industry products, so she considers important distribution of agricultural products of Azerbaijan in the European Union, offering the Western experience in this field. At the same time, she is interested in the ASAN service’s successful operation principle.
“In addition, the European Union fully supports the official Baku on the issue of ensuring long-term energy security through the project Southern Gas Corridor. We are interested in the transport project East-West,” she said. --17D-
Economics
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Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
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Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
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Rovshan Najaf, President of the State Oil Company of Azerbaijan (SOCAR), and Oleg Korobchenko, Deputy Prime Minister and Minister of Industry and Trade of the Republic of Tatarstan, discussed cooperation and expressed satisfaction with the partnership between SOCAR and the Russian oil company Tatneft.
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Azerbaijan’s drive to attract investment into its industrial and agricultural zones is gaining momentum, with the government registering 31 new resident companies across economic zones in 2023. The Economic Zones Development Agency (EZDA) also granted non-resident status to one company, marking a new phase in the country’s efforts to stimulate economic growth in post-conflict areas and beyond.
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