Friday, July 30, 2021
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Azerbaijan looks at Turkey to develop renewable energy

Azerbaijan’s Minister of Energy Parviz Shahbazov is looking forward to further cooperation with Turkey in the field of renewable energy. According to him, it is time to make great strides in the field of green energy.

“The liberated territories have been declared a green energy zone by the President of the country and mainly by renewable energy sources – water, solar and wind will be used there,” he pointed out. “Turkish companies are also interested in participating in renewable energy projects in liberated areas. In particular, there are opportunities for cooperation in the construction of wind power plants in Lachin and Kalbajar. Our cooperation with Turkish companies in the process of turning Karabakh into a green energy zone is attractive and can also be a symbol of our solidarity.”

While speaking at the 4th Energy and Natural Resources Summit organised by Turkuvaz Media Group and held with the support of the Ministry of Energy and Natural Resources of Turkey, Minister Shahbazov also welcome those energy projects jointly carried out, which have the potential to turn both countries into important global energy hubs and signify the Eurasian energy map.

“So far, more than 437 million tons of Azerbaijani oil has been shipped to Turkish and world markets through the Baku-Tbilisi-Ceyhan pipeline alone,” he said, noting also SOCAR’s participation in the oil refining-petrochemical, energy and logistics integration project in Turkey and natural gas distribution, as another contribution of the movement towards common goals.

“Azerbaijan’s investment in Turkey has increased to 18.3 billion US dollars, while Turkey’s investment in Azerbaijan has increased to 13 billion US dollars,” he added. “As stated by President Ilham Aliyev, only this much investment can be made in the brotherly country. This is due to the political trust, the confidence and, of course, the brotherly trust between the two countries.”

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