Baku: Azerbaijan's Minister of Energy Parviz Shahbazov met with bp CEO Meg O'Neill to discuss the expansion of their energy partnership. The talks highlighted the strategic cooperation between Azerbaijan and bp, focusing on renewable energy and decarbonization.

According to Azerbaijan State News Agency, the partnership between Azerbaijan and bp has been thriving for over 30 years, yielding significant results even during challenging times. The meeting underscored the success of the Shafag project in the liberated territories, particularly the mechanism for the virtual transmission of green electricity from Jabrayil. This innovation is seen as a crucial advancement in regional decarbonization and energy transmission.

The discussions provided insights into Azerbaijan's ongoing energy sector reforms. The country is transitioning from an oil and gas exporter to a renewable energy producer, with a balanced strategy that includes oil, gas, hydropower, wind, and solar energy. The potential of the Caspian Sea's 157 GW wind energy was a key topic, alongside regional energy interconnector projects. Azerbaijan is prioritizing electricity exports amid growing global demand, with interregional and international connectivity being vital for decarbonization and energy security.

Both sides expressed a strong interest in furthering cooperation, sharing perspectives on global energy market developments.