Baku: Parviz Shahbazov, Azerbaijan's Energy Minister, engaged in a significant meeting with Karim Badawi, the Minister of Petroleum and Mineral Resources of Egypt, during the Baku Energy Forum. The discussions underscored the importance of mutual visits by the heads of state and the agreements established to advance bilateral relations, marking a new stage in Azerbaijan's energy cooperation with Egypt.

According to Azerbaijan State News Agency, emphasis was placed on the Memorandum of Understanding regarding electricity and renewable energy, signed between the relevant ministries of both countries. Additionally, the Framework Agreement was highlighted, which covers cooperation in the trade of crude oil, petroleum products, and LNG, as well as activities related to hydrocarbon production, exploration, refining, and human capital development. This agreement, signed in March between SOCAR and EGPC, has facilitated the supply of more than 1.3 million tons of LNG to Egypt by SOCAR Trading since 2023.

The meeting also explored potential cooperation on a 200 MW solar power plant project, reflecting the commitment to bilateral collaboration in electricity and renewable energy sectors. Furthermore, the two sides discussed potential collaboration within the framework of the D-8 Organization for Economic Cooperation, aiming to strengthen ties and mutual benefits in the energy sector.