Uzbekistan continues cooperation with Azerbaijan in energy sector

Economy

President Shavkat Mirziyoyev of Uzbekistan has ratified an international treaty between Uzbekistan and Azerbaijan, aiming to deepen cooperation in the energy sector. The agreement, signed on August 22, 2023, in Baku, was formalized through presidential decree. This was reported by the press service of the Ministry of Justice of Uzbekistan.

Uzbekistan continues cooperation with Azerbaijan in energy sector
This agreement will be implemented by Uzbekistan's Ministry of Energy. Furthermore, the Cabinet of Ministers, as well as the heads of key ministries and agencies, shall guarantee that the agreement's requirements are met.

For information: Azerbaijan and Uzbekistan's commercial turnover was $178.7 million in 2023.

Uzbek imports from Azerbaijan totaled $47.1 million, $700,000 higher than the same period in 2022 ($46.4 million), while its exports to Azerbaijan totaled $131.6 million in 2023, down $5.2 million from the same time in 2022 ($136.8 million).

Moreover, trade turnover between Azerbaijan and Uzbekistan amounted to $23 million from January through February 2024.

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