Azerbaijan and Uzbekistan Expand Energy Relations

| News, Economy, Azerbaijan

On August 22, a meeting was held between Minister of Energy of Azerbaijan Parviz Shahbazov and the delegation led by Minister of Energy of Uzbekistan Jurabek Mirzamahmudov, who is visiting Baku, in order to deepen cooperation in the field of energy between Azerbaijan and Uzbekistan.

The strategic course of the heads of state reflecting the comprehensive development and strengthening of relations between countries in all fields was discussed. In recent times, the implementation of the agreements reached on cooperation in the field of energy, the recently held meeting of the Working Group in Tashkent, the discussions on various projects between the relevant ministries of both countries, as well as the structures operating in the fields of oil, gas, and electricity, were highlighted.

Shahbazov said there are ample opportunities for Azerbaijan-Uzbekistan multi-directional energy cooperation and solid political will to support the realization of this potential by the leaders of both countries. "We believe that our joint effective activity will result in the implementation of numerous energy projects in the next two years," he said.

Mirzamahmudov also emphasized that the energy cooperation of countries has reached a new stage; in this regard, the joint activity of SOCAR and "Uzbekneftegaz" OJSC, as well as perspective cooperation related to electricity, especially green energy, will contribute to the strengthening of the energy partnership.

Within the framework of the meeting, the "Road Map on the expansion of cooperation in the energy sector for the years 2023-2025 between the Ministry of Energy of the Republic of Azerbaijan and the Ministry of Energy of the Republic of Uzbekistan" was signed. The Road Map covering fourteen directions envisages cooperation on geological exploration and production of hydrocarbon resources and the establishment of joint ventures in both countries. According to the document, Azerbaijan and Uzbekistan will cooperate on renewable energy, energy sector reforms, efficient use of energy resources, energy transition, decarbonization, and exchange of information and experience related to hydrogen production. Also, in accordance with the Memorandum of Understanding signed between "Uzbekistan National Electric Network" JSC and "Azerenergy" JSC on July 26 of this year, the continuation of cooperation between the system operators of both countries is reflected in the Road Map as one of the main directions of activity.

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