Rovshan Najaf: SOCAR is interested in gaining access to and acquiring stakes in U.S. projects
Washington, March 11, AZERTAC
“The successful cooperation between Azerbaijan and the United States in the energy sector for more than thirty years has made a significant contribution to the development of the country’s energy sector,” said Rovshan Najaf, President of Azerbaijan’s State Oil Company (SOCAR), as he addressed a keynote session titled “Strengthening Bilateral Trade and Strategic Cooperation” on the sidelines of the international conference titled “The United States-Azerbaijan Trade & Business Agenda: Connecting Markets–Building Future”, marking the 30th anniversary of the US-Azerbaijan Chamber of Commerce held in Washington, the U.S. capital.
He emphasized that U.S. companies were among the first partners involved in Azerbaijan’s major oil and gas projects, adding that this strong foundation was laid with the signing of the “Contract of the Century.”
Rovshan Najaf also highlighted that cooperation between SOCAR and U.S. companies has expanded over the years across various areas of the energy sector, covering not only exploration and production but also engineering, digital technologies and sustainability initiatives. He further noted that amid the rapid expansion of artificial intelligence in business, the growing demand for the development of data centers has also become an important focus area.
The SOCAR President underlined that Azerbaijan provides reliable natural gas supplies to Europe through the Southern Gas Corridor and plays a significant role in strengthening Europe’s energy security.
He also noted that Azerbaijan continues to reinforce its position as a regional energy hub and a key gateway to the Caspian region thanks to its strategic geographic location, developed infrastructure and long-standing experience of successful international cooperation.
Highlighting the role of regional connectivity in promoting economic cooperation and long-term stability in the South Caucasus, Rovshan Najaf emphasized that the TRIPP initiative creates important opportunities for facilitating trade and enhancing regional integration.
“SOCAR is interested in gaining access to and acquiring stakes in projects in the United States,” Rovshan Najaf added.
Special correspondent
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