Baku, Tashkent Sign Mou On Traditional, Renewable Energy Cooperation
Date
6/21/2022 6:08:04 AM
(MENAFN- AzerNews)
By Ayya Lmahamad
Azerbaijan and Uzbekistan have signed a memorandum of
understanding on traditional and renewable energy cooperation,
Azernews reports.
'#MemorandumOfUnderstanding was signed between the Ministry of
Energy of the Republic of Azerbaijan and the Ministry of Energy of
the Republic of Uzbekistan in #Tashkent. This document will
contribute to the development of our cooperation on traditional and
#RenewableEnergy,' Azerbaijan's Energy Minister Parviz Shahbazov
wrote on his official twitter page.
On June 20, an Azerbaijani-Uzbek business forum was held in
Tashkent ahead of the visit of President Ilham Aliyev to
Uzbekistan. Within the forum, a number of agreements on the
implementation of joint projects, trade contracts worth over $500
million, as well as 10 agreements on practical cooperation between
ministries and agencies of the two countries were signed.
The volume of trade turnover between Azerbaijan and Uzbekistan
amounted to $111.9 million in 2021. Presently, around 195
Azerbaijani enterprises are represented in Uzbekistan, 69 of which
have joint capital and 126 of them have 100 percent Azerbaijani
capital.
--
Ayya Lmahamad is AzerNews' staff journalist, follow her on
Twitter: @AyyaLmahamad
Follow us on Twitter
@AzerNewsAz
- Tags:
- Azerbaijan
- Uzbekistan
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