Azerbaijan, Islamic Development Bank Group discuss further energy cooperation PHOTO

State Oil Company of the Republic of Azerbaijan (SOCAR) President Rovshan Najaf has Islamic Development Bank Group (IDB) Mohammed Suleiman Al-Jasser to discuss existing opportunities for cooperation between SOCAR and the IsDB in the field of oil, gas, renewable energy sources and digitalisation.

At the meeting, the sides expressed satisfaction with the successful cooperation between Azerbaijan and the Islamic Development Bank and the importance of projects implemented by the bank in various fields in our country, Azertag reports.

Najaf reported about the investment projects implemented by SOCAR in the country and abroad, including the Southern Gas Corridor, which makes an important contribution to Europe's energy security.

The meeting discussed SOCAR's long-term strategy and noted that the use of digital and innovative technologies, as well as the development of renewable energy sources were identified as priority areas. In this regard, the sides considered the existing opportunities for cooperation between SOCAR and the IsDB in the field of oil, gas, renewable energy sources and digitalisation and exchanged views on other issues of mutual interest.