BAKU, June 2 (Reuters) – A U.S. delegation and Azerbaijan signed commercial agreements worth more than $8 billion, and Washington plans to invest in the country’s energy sector, U.S. Assistant Secretary of State Caleb Orr said on Tuesday.
Orr, on a visit to Baku, said the United States was seeking a larger role in Azerbaijan’s energy infrastructure projects.
Get the Latest US Focused Energy News Delivered to You! It’s FREE:
“We are planning concrete investments in the energy sector,” Orr said in response to a Reuters question.
He said ExxonMobil remained an important partner in Azerbaijan after signing a memorandum of understanding on new exploration opportunities at last year’s Baku Energy Week, and that Chevron had signed a new exploration agreement during this year’s event, which Washington supports.
“We expect that we will be able to help Azerbaijan grow its role as the central node of the Middle Corridor for energy transit going to Europe and to the rest of the world,” Orr said.
The economic dialogue was held under a Strategic Partnership Charter signed during U.S. Vice President JD Vance’s visit to Baku in February this year.
Economy Minister Mikayil Jabbarov said Azerbaijan and the United States had identified energy, investment, regional connectivity and artificial intelligence as key areas for cooperation.
Reporting by Nailia Bagirova, Editing by Alistair Bell
Share This:
More News Articles
