Saudi Arabia wants to invest in energy sector of Azerbaijan


March 5, Fineko/abc.az. Azerbaijani Energy Minister Parviz Shahbazov has received Ibrahim bin Abdulrahman al-Omar, the head of the Saudi Arabian General Investment Authority.

The Ministry of Energy reports that during the meeting the parties discussed the matters of cooperation in the energy sector, in particular, the definition of new areas of cooperation and investment.

"Shahbazov told about the level of cooperation within OPEC+ and bilateral cooperation, country’s situation in the field of oil and gas and renewable energy sources and about the planned projects and new opportunities," the Ministry said.

In his turn, the SAGIA representative voiced his country's interest in expanding cooperation and investment not only in agriculture and transport, but also in the energy sector, and that it was necessary to develop a roadmap and ensure mutual cooperation between two countries’ companies.