2024-06-15 20:37:20
The UK is the biggest overseas investor in Azerbaijan with complete investments of greater than $35.9 billion.
As Day.Az stories, Azerbaijani Power Minister Parviz Shahbazov stated this at an occasion devoted to the celebration of the official birthday of the British King Charles III.
“The UK has all the time been our strategic companion, which has performed an vital function within the growth
international locations by way of funding and assist for the vitality sector. The UK is the biggest overseas investor in our nation with a complete funding of greater than $35.9 billion. Investments and commerce turnover are rising because the scope of our cooperation expands. Within the first three months of this yr, commerce turnover elevated by 16 p.c,” the minister stated.
He additionally emphasised that long-term and productive cooperation between Azerbaijan and the UK within the vitality sector performs an vital function in making certain world vitality safety.
“Power cooperation between the 2 international locations, which started in 1994 inside the framework of the Contract of the Century, ensured the success of our large-scale tasks, and the Southern Fuel Hall ensured the nation’s standing as an vitality provider to the entire of Europe. The beginning of manufacturing on the Central East Azeri subject within the 30s The th yr of our cooperation with BP at Azeri-Chirag-Gunashli is one other achievement of ours,” Shahbazov added.