Azerbaijan, Chinese energy company discuss cooperation opportunities
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ECONOMICS  01 June 2023 - 13:57

Azerbaijan’s Minister of Economy Mikayil Jabbarov has discussed cooperation opportunities with representatives of the Chinese company Envision Energy.

“During our meeting with representatives from Envision Energy, we discussed the application of new technologies in renewable energy, innovative resource utilization mechanisms and other potential opportunities for cooperation with our country,” Caliber.Az quotes Jabbarov as tweeting on June 1.

Azerbaijan is China’s key trade partner in the South Caucasus region. In 2021, China became Azerbaijan’s 4th largest trading partner, with a trade turnover amounting to $1.7 billion.

Azerbaijan has a trade mission in China, trade and wine houses, trade branches in trade networks and measures are continuously taken to develop cooperation. In addition, there are companies with Chinese capital operating in Azerbaijan. Successful investment cooperation is underway.

Meanwhile, negotiations are underway with China on a number of industrial projects. Azerbaijan was one of the first countries to support China's Belt and Road Initiative.

During our meeting with representatives from Envision Energy, we discussed the application of new technologies in #renewableenergy, innovative resource utilization mechanisms and other potential opportunities for cooperation with our country.#EconomyAz pic.twitter.com/GslRUrj70u

— Mikayil Jabbarov (@MikayilJabbarov) June 1, 2023

Caliber.Az