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Spotlight Article

Azerbaijan’s New Relationships: The Expansion Beyond the Caspian Region

Azerbaijan American Alliance
June 08, 2015

The use of natural resources has become more prominent in recent years, and there are several countries that are looking to expand their relationships beyond their local region. As Azerbaijan is prominently known for distributing their resources to their neighbors in the South Caucus, they have recently started to expand their relationships into different regions of the world. While they are looking to expand their newly formed partnerships in the energy sector, they continue to look for additional sectors to become involved with and increase their prominence on the world stage.

The relationship that is forming between Azerbaijan and Algeria within the energy sector has demonstrated some positive benefits. As both countries are enriched with energy resources, this partnership would allow Azerbaijan to utilize Algerian ports to transport gas to Europe. The Algerian Energy Ministry has shown interest in cooperation with Azerbaijan, and also supported the involvement of Azerbaijani companies on energy projects in Algeria. In addition to becoming involved in the energy sector, there are additional sectors such as agriculture and construction that could enhance the business relationship among the two countries.

In searching for additional energy partners to become involved with, Azerbaijan has recently extended an offer to Indonesia to become involved in an upstream oil and gas development project located in the Caspian Sea. Azerbaijan’s Energy Minister Natig Aliyev discussed the benefits that Indonesia will receive within this new relationship, as Azerbaijan is experienced in the oil refining industry. On June 5, the Indonesian delegation visited Baku to discuss the opportunities for partnership and met with President Illham Aliyev, Energy Minister Natig Aliyev, and SOCAR president Rovnag Abdullayev. In signing a joint statement, both countries will each appoint a representative that will meet to discuss the details of their partnership. Additionally, this new relationship has the potential for Azerbaijan to become involved in Indonesia’s development in the power sector, which includes the technology for gas turbine construction.

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