(MENAFN- AzerNews)
By Ayya Lmahamad
The 2nd Azerbaijan-Turkiye Energy Forum will be held in
Istanbul, Turkiye on October 5-6, Azernews reports.
On the first day of the two-day forum, meetings of joint working
groups on hydrocarbon and petrochemical products, renewable energy
use and energy efficiency, the electric energy market, electricity
distribution and transmission, as well as energy regulation will be
held.
On the second day of the event, the speeches of a number of high
officials, including Azerbaijan's Energy Minister Parviz Shahbazov
and Turkiye's Energy and Natural Resources Minister Fatih Donmez,
are expected.
Moreover, the signing of the protocol on the outcomes of the
forum is expected as well.
To note, the Azerbaijan-Turkiye Energy Forum was established
within the intergovernmental commission on economic cooperation
between the two countries in order to further strengthen strategic
energy cooperation.
The first forum was held on December 21-22, 2021 in Baku. A
number of agreements were signed on the results of the first forum,
including the memorandum of understanding on the supply of natural
gas, an agreement on cooperation in the mining industry, a
memorandum of understanding on cooperation in the field of mining,
a memorandum of understanding on cooperation in the field of earth
sciences, as well as a protocol on cooperation between Azerenergy
OJSC and Turkiye Elektrik Iletim AS.
Azerbaijan and Turkiye collaborate in a variety of economic
sectors and have completed major energy and infrastructure
projects, such as Baku-Tbilisi-Ceyhan, Baku-Tbilisi-Kars, and
TANAP.
In 2021, Azerbaijan and Turkiye signed the Shusha Declaration on
Allied Relations, which focuses on defense cooperation, promoting
regional stability, prosperity, and establishing new transport
routes.
The two countries set up a goal to bring the mutual trade
turnover to $15 billion in 2023. As of 2021, the trade turnover
between the two countries amounted to $4.6 billion. So far, Turkiye
is Azerbaijan's second-largest investor followed by the UK.
Additionally, Turkiye was one of the first countries that
expressed its interest and readiness to participate in the
restoration of Azerbaijan's liberated territories.
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Ayya Lmahamad is AzerNews' staff journalist, follow her on
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