Czech entrepreneurs have invested in Azerbaijan's economy more than $ 1 billion, the Minister of Economy and Industry Shahin Mustafayev said at the bilateral business forum in Baku today.
According to him, Czech banks are involved in financing 6 major local projects worth nearly $ 2 billion, provided that companies from that country are contractors.
Main goods supplied from Azerbaijan to the Czech Republic are crude oil and partially refined petroleum products. Even though the trade turnover between the two countries increased by 2 times in 2014, it is necessary to work on the structure of the trade turnover, believes the minister, adding that the cooperation between the two countries has a robust regulatory framework, with 23 agreements signed in the economic sphere. --17D-
Economics
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Azerbaijani state power company Azerenerji, SOCAR Trading, and Italy's Ansaldo Energia have signed a trilateral agreement on carbon credits, Azerenerji announced on Friday.
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The SOCAR-UNIPER joint venture inaugurated a 65 MW steam generator unit at the "Ethylene-Polyethylene" plant on Friday as part of activities held during COP 29. The project, aimed at boosting energy efficiency, is a significant milestone for the joint efforts of SOCAR and UNIPER in Azerbaijan’s chemical industry.
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French energy giant TotalEnergies is considering participation in solar and wind power projects in the Nakhchivan Autonomous Republic of Azerbaijan, a move discussed during talks in Baku on November 15 between TotalEnergies CEO Patrick Pouyanné and Azerbaijani government officials.
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Azerbaijan's Ministry of Energy, China Energy Overseas Investment Co. Ltd., and SOCAR Green LLC have signed an agreement to implement a 160 MW solar power project in the Fizuli district, Economy Minister Mikayil Jabbarov announced on social media on Wednesday.
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