The 1st Meeting of the Ministers of Energy of D-8 Member States was held within the Baku Energy Week.
Speaking at the meeting on Enhancing cooperation in Hydrocarbons sector, Energy Transition and Energy Connectivity, Energy Minister Parviz Shahbazov said that Azerbaijan's membership in D-8 is a logical continuation of the multifaceted foreign policy course set by President Ilham Aliyev and successful energy diplomacy. The Minister noted that volatility in global energy markets, geopolitical tensions, energy transition and the acceleration of electrification have made diversification in energy policy a strategic necessity. In this context, energy cooperation within the D-8 framework creates opportunities to strengthen Azerbaijan’s energy partnerships not only with Europe, but also across Asia, the Middle East and Africa. Azerbaijan consistently pursues a balanced approach between energy security and the energy transition, while developing regional energy corridors ranging from oil and gas to electricity and green energy. Touching upon the prospects of energy cooperation with the D-8 countries, it was informed about the projects implemented and planned with Türkiye, Pakistan, Iran, Egypt, Indonesia, Bangladesh, Malaysia and Nigeria. Oil and gas trade, LNG supply, electricity exchange, renewable energy, energy infrastructure and investment are listed as potential directions of energy cooperation.
Energy Minister Parviz Shahbazov said that the D-8 platform, which brings together countries sharing common religious and cultural values and spans three continents, paves the way for expanding cooperation in energy security, energy transition and energy connectivity. The Baku Declaration defines the future contours of this cooperation by setting out key priorities, including clean energy, energy connectivity, efficient management of hydrocarbons, strengthening the investment climate and technological development. The establishment of the D-8 Energy and Climate Centre will serve as an important institutional step to ensure the practical implementation of this cooperation.
Within the meeting, the Baku Declaration on Energy Cooperation was adopted and the initial presentation of the Charter of the D-8 Energy and Climate Center was made.
Along with D-8 Secretary General Sohail Mahmood, representatives from Türkiye, Pakistan, Egypt, Bangladesh, Iran, Indonesia and Malaysia.
