BAKU, Azerbaijan, October 13. Azerbaijan’s
state-owned oil company, SOCAR, is interested in participating in
projects to develop promising oil fields in Turkmenistan, the
country's Minister of Economy Mikayil Jabbarov at a gala reception
in Baku marking the 35th anniversary of Turkmenistan’s
independence, Trend's
correspondent reports.
“SOCAR is interested in participating in projects to develop
promising oil and gas fields in Turkmenistan,” Jabbarov said.
According to him, Azerbaijan and Turkmenistan have significant
potential for further deepening cooperation in the energy
sector.
Energy cooperation between Azerbaijan and Turkmenistan includes
discussions on the joint development of hydrocarbon resources in
the Caspian Sea. In January 2021, the parties signed a memorandum
of understanding on the joint exploration and development of the
“Dostlug” field. In June 2026, representatives of SOCAR and
Turkmenistan also discussed prospects for expanding cooperation in
the energy sector.
SOCAR is the main partner of the international conference and
exhibition “Oil and Gas of Turkmenistan — 2026” (OGT 2026),
scheduled to take place in Ashgabat on October 21–23. The event is
organized by the state-owned concerns “Turkmengaz” and
“Turkmennebit,” the state corporation “Turkmengeology,” and the
Turkmen Energy Forum. Key topics of the forum include the
development of gas fields, hydrocarbon exploration in the Caspian
Sea, and attracting investment to the energy sector.
