Iran Press/ Asia: Iran's Petroleum Minister is in the Republic of Azerbaijan to participate in Baku Energy Week and hold talks with officials attending the three-day international event.
The event was held on June 1-3, 2022, with the support of the Ministry of Energy of the Republic of Azerbaijan and the State Oil Company of the Republic of Azerbaijan (SOCAR). The Caspian Oil and Gas Exhibition is the first exhibition held since the independence of the Republic of Azerbaijan annually, in which over 250 companies around the world will take part.
During a meeting with Azerbaijani Energy Minister Parviz Shahbazov here on Friday, Iran's Petroleum Minister, Javad Owji said: "The development of energy relations between the two countries will pave the way for the development of relations in other areas as well. On the other hand, Iran is ready to increase gas swap between Turkmenistan and Azerbaijan."
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In the meeting, both sides discussed and signed some MoUs in various areas, including the implementation framework for increasing gas swap, the integrated development of joint blocks and fields in the Caspian Sea, power exchange, and the areas of cooperation.
Meanwhile, Parviz Shahbazov said there are many commonalities between Iran and the Azerbaijan Republic, and appropriate cooperation had been created between the two countries in international organizations such as OPEC Plus.
World condition is indeed unstable, but it is now possible to help markets as what OPEC Plus has already done, he added.
"The presidents of the two countries are greatly determined to develop ties and this can help to facilitate relations," Shahbazov noted.
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The agreement to swap Turkmen gas to the Azerbaijan Republic was also a historic and valuable event, and the presence of the presidents in signing the deal has strengthened it, he said, adding: "I am grateful that Iran is ready and has the necessary infrastructure to increase gas swap volume."
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