BAKU, Azerbaijan, March 11. Cooperation with
U.S. partners is contributing to Azerbaijan's energy sector
modernization, the statement of the State Oil Company of Azerbaijan
(SOCAR) says, Trend reports.


This issue was discussed at the U.S.-Azerbaijan Trade and
Business Conference held in Washington and dedicated to the
development of a strategic partnership between the two countries,
including the expansion of economic cooperation and the
strengthening of trade relations.


An opening session was held within the framework of the
conference on the topic of “Strengthening bilateral trade and
strategic cooperation”.


Speaking at the session, SOCAR President Rovshan Najaf said that
the successful cooperation between Azerbaijan and the U.S. in the
energy sector for more than thirty years has made a significant
contribution to the development of our country's energy sector.
Noting that U.S. companies were among the first partners to
participate in Azerbaijan's major oil and gas projects, the SOCAR
President said that the solid foundation of this cooperation was
laid with the signing of the "Contract of the Century".


Saying that the fruitful cooperation between SOCAR and U.S.
companies has expanded in various areas of the energy sector over
the past years, Najaf emphasized that this partnership covers
important areas, including exploration and production, as well as
engineering, digital technologies, and sustainability initiatives.
He pointed out that this issue is also in the spotlight at a time
when the demand for the creation of data centers is increasing due
to the widespread use of artificial intelligence in business.


The SOCAR president, noting that Azerbaijan is providing
reliable natural gas supplies to Europe through the Southern Gas
Corridor, drew attention to the important role our country plays in
strengthening Europe's energy security.







Najaf highlighted that Azerbaijan has further strengthened its
position as a regional energy center and an important gateway to
the Caspian region, thanks to its strategic geographical location,
developed infrastructure, and successful international cooperation
experience formed over many years.


Speaking about the role of the development of regional
connections in the formation of economic cooperation and long-term
stability in the South Caucasus, Najaf drew attention to the
important opportunities created by the TRIPP initiative in terms of
promoting trade and increasing regional integration.


A number of panel discussions were organized at the event on
cooperation opportunities in the energy, technology, and financial
sectors. SOCAR Vice President Afgan Isayev spoke at the panel
session on "Development of energy infrastructure and capital flows
to the energy sector of the future".


Last month, the "Strategic Partnership Charter between the
Government of Azerbaijan and the Government of the United States of
America" ​​was signed. In this regard, the U.S.-Azerbaijan Trade
and Business Conference is also of great importance in terms of
expanding business relations between companies of the two countries
and identifying new investment opportunities.


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