Baku: Azerbaijan's energy policy prioritizes a balanced development of all energy sources, emphasized Minister of Energy Parviz Shahbazov during the inaugural session of the OPEC+ Charter of Cooperation. The minister underscored the significance of maintaining equilibrium between energy security and energy transition as a fundamental aspect of the nation's energy strategy.

According to Azerbaijan State News Agency, Shahbazov articulated that the global energy transition should not be perceived as a mere substitution of energy sources. Instead, it should be realized through a comprehensive policy that fosters the balanced advancement of various energy types. He highlighted the importance of President Ilham Aliyev's strategy, which focuses on harmonizing energy security with the transition, particularly through expanding investments in renewable energy.

The minister's comments reflect Azerbaijan's commitment to ensuring energy security while simultaneously advancing its renewable energy sector. This approach aligns with the country's strategic goals, aiming to create a sustainable and secure energy future.