Energy integration of the Turkic world A new stage of cooperation

On March 4, the President of Azerbaijan, Ilham Aliyev, received Nail Maganov, the CEO of the Russian company Tatneft, Ashkat Khassenov, the Chairman of the Board of the Kazakh company KazMunayGas, and Bahodirjon Sidikov, the Chairman of the Board of the Uzbek company Uzbekneftegaz. The meeting was also attended by Azerbaijan's Minister of Economy, Mikayil Jabbarov, and the President of the State Oil Company of the Azerbaijan Republic (SOCAR), Rovshan Najaf.

During the meeting, a new phase of multilateral energy cooperation was launched, based on previously conducted preparatory work. The head of state noted that strong production ties had already been established between the oil companies. In this context, Ilham Aliyev emphasized the importance of uniting efforts and highlighted the significance of bilateral projects, which are now receiving additional momentum within the framework of the new multilateral format.

One of the key aspects of the agreements reached is the strengthening of energy security in the Turkic world. It can be stated that it was President Aliyev who laid the foundation for the energy security of the Turkic world by initiating comprehensive measures for the integration of its oil and gas sector. This process will enhance production efficiency, ensure reliable hydrocarbon supplies, and optimize logistical processes.

During the negotiations, according to Caliber.Az, several important documents were signed, laying the groundwork for long-term cooperation. Among them are memoranda on the development of digital technologies and automation in the oil and gas industry, cooperation in the field of emergencies, which includes the creation of joint response teams for accident elimination and ensuring safety at oil and gas facilities, as well as an agreement on coordinating procurement and logistics of supplies. These documents represent a significant step towards deepening industrial cooperation, increasing business efficiency, and creating additional opportunities for the integration of the oil and gas sectors of the participating countries.

At the same time, the President of Azerbaijan emphasized that this format remains open for the inclusion of other foreign companies. In this context, it is possible that new players, including countries with developed oil and gas infrastructure and geographically advantageous locations, may show interest in the initiative over time. One of the potential partners that could strengthen this format is Türkiye, considering its growing influence in the regional energy architecture. As an important transit hub for hydrocarbon supplies, Türkiye possesses a well-developed infrastructure that could significantly enhance the logistics network of the new cooperation format.

The economic benefits of such cooperation are clear. Joint procurement and optimization of production capacities will allow companies to reduce production costs, while the expansion of cooperation will open up new opportunities for exports. The exchange of digital solutions and advanced methods of hydrocarbon extraction and processing will increase the competitiveness of national oil companies. Additionally, this will strengthen energy security by reducing geopolitical risks, as close interaction will make the participating countries less vulnerable to external pressure. In the future, the possible expansion to include new participants, including Türkiye, could become an additional factor of stability and development for this energy alliance.