Azerbaijan, OPEC Fund to collaborate on energy, industrial spheres under new deal PHOTO

Azerbaijani Economy Minister Mikayil Jabbarov met with the President of the OPEC Fund for International Development, Abdulhamid Alkhalifa, to discuss prospects for joint efforts in renewable energy, infrastructure, and technical assistance.

“Within the framework of the OPEC Fund Development Forum, we held a meeting with Abdulhamid Alkhalifa, the President of the Fund. During the meeting, we noted that our mutual cooperation contributes to the diversification of our country’s energy sector. We also discussed opportunities for collaboration in renewable energy, infrastructure, and technical assistance,” Jabbarov wrote on X, Caliber.Az reports.

During the meeting, Jabbarov and Alkhalifa signed the Country Partnership Framework document that outlines cooperation directions.

“Covering the period of 2025–2030, the document envisages support for public and private sector projects in industry, renewable energy, transport, infrastructure, and other fields,” the Azerbaijani minister posted.

Jabbarov underlined that initiatives implemented under the Country Partnership Framework "will contribute to climate financing, inclusive growth, and the development of small and medium-sized enterprises."

By Khagan Isayev