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Azerbaijan and Turkmenistan discuss prospects for energy sector co-op (PHOTO)

Oil&Gas Materials 28 November 2023 14:35 (UTC +04:00)
Azerbaijan and Turkmenistan discuss prospects for energy sector co-op (PHOTO)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, November 28. Azerbaijan and Turkmenistan have discussed the prospects of cooperation in the energy sector, Trend reports, referring to the Ministry of Economy of Azerbaijan Republic.

According to the Ministry of Economy, the 7th session of the Joint Intergovernmental Commission between the Republic of Azerbaijan and Turkmenistan on Cooperation in Economic and Humanitarian Spheres was held during the visit of the Azerbaijani delegation headed by Economy Minister Mikayil Jabbarov to Turkmenistan.

During the meeting, it was noted that there is a great potential for increasing trade turnover by expanding the range of supplied products, as well as the free trade regime between the countries contributes to further growth of trade turnover.

In addition, it was emphasized that successful cooperation in the field of trade can help stimulate mutual investments, there are great opportunities for cooperation with Turkmenistan in various areas, including investment, energy, customs, transport, agriculture, food safety, as well as within the framework of the Baku International Sea Trade Port.

During the meeting, information was presented on Azerbaijan's growing economic indicators and favorable business environment, including business potential and opportunities created for investors in the territories liberated from occupation, and the importance of systematic holding of events to identify new areas of cooperation was noted.

The sides discussed initiatives in the economic sphere meeting common interests and prospects of cooperation in various directions.

A protocol of the 7th meeting of the Azerbaijan-Turkmen Joint Intergovernmental Commission was signed at the end of the meeting. The document was signed by the Commission's co-chairmen - Azerbaijani Economy Minister Mikayil Jabbarov and Deputy Chairman of the Cabinet of Ministers for Trade, Textile Industry, and Entrepreneurship Batyr Atdayev. The protocol envisages the expansion of partnership in trade, industry, energy, transportation, agriculture, and other areas.

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