Rome:Azerbaijan’s Minister of Economy, Mikayil Jabbarov, recently visited Italy to explore opportunities for expanding bilateral partnerships. During his visit, he met with Claudio Descalzi, Chief Executive Officer of Eni, to discuss potential areas of cooperation between Azerbaijan’s State Oil Company (SOCAR) and Eni.
According to Azerbaijan State News Agency, the discussions included SOCAR’s involvement in new initiatives with Eni and the potential to enhance cooperation on joint projects in third countries. Both parties evaluated the progress of a joint pilot project for biofuel production in Azerbaijan and considered prospects for collaboration in the energy transition and technological expertise exchange.
The visit also featured a meeting with Adolfo Urso, Italy’s Minister of Enterprises and Made in Italy. The discussions focused on expanding the bilateral partnership in sectors such as industry, trade, and investment. They also covered joint projects in critical minerals, metallurgy, and digital technologies, as well as the involvement of Italian companies in manufacturing projects and technology transfer in Azerbaijan.
Additionally, the discussions explored financing initiatives for industrial modernization and the potential to strengthen cooperation between the business communities of Azerbaijan and Italy.