Baku: Azerbaijan has attracted approximately $144 billion in foreign investment in its oil and gas sector, as announced by Energy Minister Parviz Shahbazov at the 1st Azerbaijan International Investment Forum.
According to Azeri-Press News Agency, Minister Shahbazov highlighted that Azerbaijan was the first country to open the Caspian Sea to international investors and establish energy corridors extending from the Caspian to the Mediterranean, Black, and Adriatic Seas. Through the Baku-Tbilisi-Ceyhan pipeline, 540 million tons of Azerbaijani oil and 53 million tons of Central Asian oil have been delivered to global markets.
The minister further emphasized that cooperation with Central Asian countries is entering a new phase. For the first time, there are plans to integrate electricity grids between Kazakhstan, Uzbekistan, and Azerbaijan. This initiative aims to lay the groundwork for the Trans-Caspian Energy Corridor, positioning the region as a leader in the green transition.