Hungarian MVM, involved in the “Shah Deniz” project, has opened a branch in Azerbaijan

Regular measures are being taken to enhance ties between Türkiye and the Nakhchivan Autonomous Republic (NAR). The commissioning of the Igdir-Nakhchivan gas pipeline will not only diversify gas supplies to Nakhchivan but also eliminate its dependence on a single source, the Turkish Consul General in NAR, Asip Kaya,  told journalists. According to him, the construction of the Igdir-Nakhchivan gas pipeline, which was initiated by the presidents of Azerbaijan and Türkiye on September 25 last year, will be completed shortly.

The Saudi Arabian company ACWA Power has founded a subsidiary in Azerbaijan called ACWA Power Technical Financial Services, the State Tax Service under the Ministry of Economy of Azerbaijan reported.

The State Oil Fund of Azerbaijan (SOFAZ) has signed a Memorandum of Understanding with “Hassana” Investment Company to explore investment opportunities in Saudi Arabia.

The Azerbaijani operational company COP29 and the "Green Energy" Power Plant LLC signed a Memorandum of Cooperation on October 29.