BAKU, Azerbaijan, December 17. Azerbaijan's
Minister of Energy, Parviz Shahbazov, and Oman's Minister of
Economy, Said Mohammed Al Saqri, discussed the possibilities of
cooperation between the countries in the energy sector, Trend reports via the
country's Ministry of Energy.
"The meeting briefed on Azerbaijan's historical experience in
oil production, its important role in ensuring energy security as a
supplier of natural gas, as well as ongoing projects for the
production and export of renewable energy. The Caspian-Black
Sea-European green energy corridor, including components for
electricity, fiber-optic communication, and hydrogen, was
discussed. There was also a discussion about the creation of data
centers and their energy supply, as well as stimulation of
investments in this sphere," the ministry said.
The sustainability of Oman’s investments in the oil and gas
sector was underscored during the discussions, with particular
emphasis placed on the long-term strategic importance of this
industry, both for Oman and globally.
"It was highlighted that Oman is actively investing in liquefied
natural gas (LNG) production, aiming to position itself as one of
the leading exporters in the region. Furthermore, the country is
home to four large solar industrial parks, and by 2040, Oman plans
to meet 40% of its energy needs from renewable sources.
Additionally, Oman’s goal of producing one million tons of green
hydrogen by 2030 was announced during the meeting," the information
notes.
The meeting also resulted in an agreement on the key areas of
cooperation between the two nations, particularly with regard to
the oil and gas sector, the production of solar panels and wind
turbines, and broader collaboration across the entire energy
industry.
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