AzerGold hosts meeting with Ambassador of Eswatini to Azerbaijan
Baku, May 6, AZERTAC
Zakir Ibrahimov, Chairman of the Executive Board of AzerGold CJSC, held a meeting with the Ambassador of Eswatini to Azerbaijan, Sibusisiwe Mngomezulu.
During the meeting, the parties discussed opportunities for economic cooperation. Zakir Ibrahimov noted that Azerbaijan maintains extensive and strong international relations and is among the few countries to have signed strategic partnership agreements with many of the world’s leading global powers. He emphasized that, while Azerbaijan has historically been recognized for its abundant oil and gas resources, the country now fully satisfies its domestic energy requirements and continues to systematically enhance its export capacity. This demonstrates that Azerbaijan is evolving into a leading force not only regionally but also on a global scale.
According to the Chairman, the availability of oil and gas resources has enabled Azerbaijan to make prudent economic decisions and invest across various sectors, with mining being among the priority areas. As a result of economic reforms and strategic decisions implemented under the leadership of President Ilham Aliyev, the mining industry has achieved significant progress within a short period.
Zakir Ibrahimov also provided information on the activities of the institution he leads, highlighting its contribution to the non-oil sector. It was noted that AzerGold CJSC currently ranks among the leading state-owned exporters in the non-oil sector, demonstrating positive financial growth annually.
Ambassador Sibusisiwe Mngomezulu expressed his satisfaction with being in Azerbaijan and highlighted the considerable potential for expanding economic cooperation. He underlined that enhancing collaboration in the mining sector would be mutually beneficial, noting that Eswatini possesses substantial mineral resource potential. The Ambassador emphasized the importance of leveraging AzerGold CJSC’s advanced experience in the exploration and efficient management of these resources.
Zakir Ibrahimov stressed the importance of accurate mapping and the proper assessment of mineral reserves at the initial stage. He noted that the application of modern geological exploration methods and digital technologies increases efficiency. AzerGold CJSC has extensive experience in using innovative and environmentally safe technologies, including non-invasive exploration methods that identify promising areas quickly and reduce costs for drilling operations.
At the end of the meeting, the parties agreed to facilitate the exchange of information to identify specific cooperation opportunities, including initiating work on a Memorandum of Understanding (MoU).
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