The Azerbaijan State News Agency

ECONOMY

Baku hosts 1st Azerbaijan-Turkey Energy Forum VIDEO

Baku, December 22, AZERTAC

The 1st Azerbaijan-Turkey Energy Forum has been held in Baku.

The Forum was co-chaired by Azerbaijani Energy Minister Parviz Shahbazov and Turkish Minister of Energy and Natural Resources Fatih Donmez. The two-day forum was organized within the framework of the Joint Intergovernmental Commission on Economic Cooperation between Azerbaijan and Turkey to further strengthen strategic energy cooperation.

The forum was preceded by a bilateral meeting between the co-chairs. The meeting focused on the strengthening relations between the two countries and the prospects for developing cooperation in the energy sector.

In his opening speech at the forum, Energy Minister Parviz Shahbazov praised the 1st Azerbaijan-Turkey Energy Forum as a platform to support the rise of Azerbaijan-Turkey relations to the level of alliance also in the field of energy. It was noted that the Azerbaijani-Turkish union, which ensures security, development and progress, is a leading factor in new geopolitical realities and development processes in the region under the leadership of President Ilham Aliyev and President Recep Tayyip Erdogan.

Drawing attention to energy cooperation between the two countries, the minister said: "From July 2018 to December this year, 13.6 billion cubic meters of natural gas was transported to brother Turkey through TANAP. TANAP accounted for 5.1 billion cubic meters of 7.7 billion cubic meters of natural gas transported to Turkey in the first 11 months of this year.

In total, more than 85 billion cubic meters of natural gas from the Shah Deniz field have been supplied to the Turkish gas market since 2007.”

During the speech, the investment activity of Azerbaijan in Turkey was highlighted on the example of projects such as STAR Oil Refinery and Petkim.

“Azerbaijan's investment in Turkey is more than $19 billion. As President Ilham Aliyev said, this scope of funding and investment can be made only in the brother country.”

In his speech, Turkish Minister of Energy and Natural Resources Fatih Donmez said that the eternal fraternal relations between Azerbaijan and Turkey are developing due to the fact that the two countries` peoples have the same ancestry and mutual ties. Having noted the victory of Azerbaijan in the Patriotic War, the minister said: "As part of the 'Green Energy Concept' planned to be implemented in the liberated territories, we will continue to stand by Azerbaijan with both our public and private sectors. In this way, we will continue to work in coordination with Azerbaijan, both to establish lasting peace in the region and to rebuild the liberated areas. I believe that the transfer of many successful experiences of our joint cooperation in the hydrocarbon industry to the renewable energy sector will give a new stimulus to our relations."

Other speakers at the event included Deputy Minister of Economy Rovshan Najaf, President of SOCAR Rovnag Abdullayev, President of “AzerEnergy” OJSC Baba Rzayev, Director of the Azerbaijan Renewable Energy Agency under the Ministry of Energy Tabriz Ammayev, TPAO Director General Melih Han Bilgin, Director General of the Turkish Electricity Transmission Company Orhan Kaldirim and Chairman of the Energy Council of the Turkish Foreign Economic Relations Council (DEIK) Haluk Kalyoncu. Information was provided on the activities done to develop cooperation in relevant fields, the planned measures and the results of the first meetings of the working groups held before the Forum.

At the end of the event, six documents were signed between Azerbaijan and Turkey. Azerbaijan`s Minister of Energy Parviz Shahbazov and Turkish Minister of Energy and Natural Resources Fatih Donmez signed the Protocol of the 1st Azerbaijan-Turkey Energy Forum and Memorandum of Understanding between the Ministry of Energy and Natural Resources of the Republic of Turkey and the Ministry of Energy of the Republic of Azerbaijan.

Furthermore, within the Forum an agreement was signed between the Government of the Republic of Azerbaijan and the Government of the Republic of Turkey on cooperation in the field of mining, and Memorandum of Understanding was signed between Agency for Mineral Resources of the Ministry of Ecology and Natural Resources of the Republic of Azerbaijan and AzerGold Closed Joint-Stock Company and the General Directorate of Research and Exploration and the International Mining Company MTA”, also National Geological Survey of the Ministry of Ecology and Natural Resources of the Republic of Azerbaijan and the General Directorate of Mining Research and Exploration of the Ministry of Energy and Natural Resources of the Republic of Turkey signed a Memorandum of Understanding, Cooperation Protocol was signed between AzerEnergy OJSC and Turkish Electricity Transmission Joint Stock Company (TEIAS).

After the signing ceremony, a briefing was held for media representatives.

The 1st Energy Forum aims to expand existing energy cooperation between Azerbaijan and Turkey, assess new opportunities for cooperation and implement them through specific projects.

Baku hosts 1st Azerbaijan-Turkey Energy Forum VIDEO

Share news on social media

Follow us on social network

Azerbaijani FM meets with President of Uzbekistan

Geneva hosts International Day of Nowruz

Canton Fair opens in China with surge in overseas purchasers

Turkish foreign minister, UN chief discuss recent regional developments

ANAMA highlights Azerbaijan's mine action efforts in liberated territories

Nadal confirms comeback at Barcelona Open, to face Cobolli

Seventeen in hospital after football fans’ minibus crashes in West Yorkshire

® Baku Steel Company CJSC represents Azerbaijan in Dusseldorf

® Kapital Bank introduces exciting “50 gün 50 hədiyyə” (“50 days 50 gifts”) lottery

Bulgaria to host European, Balkan Cups in whitewater rafting in April

Academician Zarifa Aliyeva commemorated in Ukraine

Azerbaijan, Oman explore prospects for bilateral relations

BHOS hosts meeting with students and graduates selected to participate in SOCAR's ‘Young Talents’ program

ANAMA: 725 unexploded ordnances neutralized over past week

US forces intercepted more than 80 attack drones and at least 6 ballistic missiles from Iran and Yemen, says Central Command

UN Youth Climate Champion outlines measures to ensure young people's involvement in global processes

Azerbaijani taekwondo fighters claim two medals in Belgrade

Azerbaijani female gymnasts claim seven golds in Bishkek tournament

Azerbaijan’s population hits 10,187 million

COP29 Presidency holds first press conference

12 killed in weather-related accidents in Oman

Baku-Tbilisi-Erzurum Pipeline accounted for over 50.1 percent of Azerbaijan’s gas transportation

Jeyhun Bayramov: Armenia must reciprocate Azerbaijan's efforts towards peace and construction in the region

BTC pipeline transports over 9 million tons of oil in January-March 2024

Azerbaijan’s Energy Minister to attend Green Hydrogen Summit and 14th Session of Irena Assembly

‘Main topics of COP29 negotiations are under comprehensive discussion with all parties’

Over 15,600 residential buildings in Russia affected by floods

Apple loses top phonemaker spot to Samsung as iPhone shipments drop, IDC says

® Azercell continues to support “Youth Can!" project

COP29 website set to launch this week

Azerbaijan unveils COP29 logo

President Ilham Aliyev extends congratulations to President-elect of Slovakia Peter Pellegrini

To His Excellency Mr. Peter Pellegrini, President-elect of the Slovak Republic

COP29 President-Designate: The green transition is among Azerbaijan's national priorities VIDEO

Baku Stadium chosen as the venue for COP29 VIDEO

30 killed in rain-related incidents in Pakistan VIDEO

Self-driving cars safety project launched

COP29 CEO: Whole world will focus its attention on Baku in November this year VIDEO

3 killed in Mexico helicopter crash

Magnitude 3.2 quake jolts Azerbaijan’s Imishli district

Boxer Omar Aslanli seals Azerbaijan`s another gold at European Championships

Azerbaijani FM holds meeting with Uzbek counterpart

Azerbaijani judo team triumphs at Berlin Cadet European Cup 2024

Global oil prices drop

Aston Villa shock Arsenal, allow Manchester City stay on top of English Premier League

Udinese vs. Roma match in Italy abandoned after player collapses

Bayer Leverkusen win first-ever German Bundesliga title

Azerbaijani boxer claims European crown

Azerbaijan Defense Minister meets with the King of the Hashemite Kingdom of Jordan

Foreign Minister of Azerbaijan embarks on working visit to Uzbekistan

Azerbaijan women’s 3x3 national basketball team qualifies for Paris 2024 Summer Olympics

Azerbaijani Minister of Defense pays official visit to Jordan

Azerbaijan Army holds seminars on gender equality

Meloni: "The birth rate is a priority of the government, the rented uterus becomes a universal crime"

Biden reaffirms Israel support after Iran attack

UK climate change minister Graham Stuart resigns

Türkiye's famous film studio where historical series are filmed, opens its doors

Azerbaijani FM meets with candidate for UNESCO director general post

Georgian Parliament Speaker, Kazakh President discuss cooperation

Spanish midfielder Luis Alberto: ‘I have asked to leave Lazio’

Death toll from Italian hydroelectric plant explosion rises to 7 as the last bodies are recovered

Swiss university develops hopping robot to explore asteroids

Formula 1 Azerbaijan Grand Prix 2025 date announced

At least 13 people are killed and an estimated 15,000 displaced by flooding in Kenya

China's foreign trade up 5 pct in Q1, hits new records

UN hosts joint briefing on 6th World Forum on Intercultural Dialogue

Azerbaijani servicemen's combat and moral-psychological training is at high level, Defense Ministry

98 stranded midair rescued after cable car accident in southern Türkiye

Azerbaijani oil price exceeds 94 dollars

EU is Azerbaijan’s biggest supporter when it comes to de-mining, says EU committee chair

Oil prices go up in global markets

Azerbaijani gymnast clinches gold in Kyrgyzstan

EU committee chairperson: Time has come for concrete steps to ensure peace and stability in the region

Azerbaijan Army positions once again subjected to fire, Defense Ministry

Slovenian edition: There is a historic opportunity for the establishment of lasting peace

Representative of the President of the Republic of Azerbaijan on special assignments pays working visit to Slovenia

Azerbaijani Foreign Minister briefs his Tajik counterpart on the preparations for COP29

Azerbaijan Army positions subjected to fire

Ganja declared CIS sports capital in 2025

Foreign Ministry: Armenia continues to harm biodiversity and living nature of Azerbaijan

First formal proceedings in Azerbaijan’s claim within inter-state arbitration held in Hague

Russia sends its military instructors to Niger — national TV

Azerbaijani and Belarusian FMs discuss bilateral relations

Atalanta stun Liverpool 3-0 at Anfield

Sergey Markov: US and EU seek to destabilize the situation in the South Caucasus

Ukrainian parliament passes bill tightening rules of mobilization

Aston Villa beat Lille in their Europa Conference League quarter-final first leg match

Aida Mahmudova's personal exhibition "A Dream Unfolds" at Vision Art Platform

Fenerbahce suffer 3-2 loss to Olympiacos in Conference League

Yen falls to 153 level against dollar for first time in nearly 34 years

Western Azerbaijan Community appeals to US government regarding Ambassador Kristina Kvien's statement

Azerbaijani servicemen’s leisure time is organized at a high level, Defense Ministry

We support position of brotherly, friendly, allied countries, especially Northern Cyprus and Azerbaijan, says Turkish defense minister

Britain announces Indo-Pacific military exercises with US, Japan

Meta introduces new artificial intelligence training chip

Georgian PM to meet Chancellor, other officials in Germany visit

Azerbaijani rhythmic gymnasts to compete in international tournament

Europa League: AC Milan to face Roma in quarter-finals

Over 3,600 courtyards, 2,000 households flooded in Russia’s Orenburg

Azerbaijan Land Forces hold paramilitary cross championship