"Azerbaijan is a tremendous place for natural resources and for great economic growth. Our companies like Assad and Chevron have been a key part of the oil and gas industry," U.S. Assistant Secretary of State for Economic, Energy, and Business Affairs Caleb Orr said in response to a question from APA.
According to him, the partnership between the United States and Azerbaijan is growing and expanding.
“We're doubling down on energy sector investments. But we're taking that and we're turning that foundation into a much bigger structure. Just this week, again, we saw over $8 billion in deals signed by U.S. companies,” he said.
Caleb Orr noted that these agreements cover various sectors and are not limited solely to the energy industry.
“But it's also bringing in some investment funds into the energy sector here in Azerbaijan. And President Trump's historic peace agreement that he brokered comes with the Trump Group for International Peace and Prosperity, which is a historic infrastructure corridor that we're investing in as well,” he said.
The U.S. official emphasized that the corridor is expected to be multimodal in nature.
“We expect to be multimodal, carrying not only passenger traffic, but energy and digital infrastructure as well. And so we think that energy is a very strong foundation upon which our economic relationship stands. But we're growing far beyond that, and that's what this economic dialogue represents, a committed effort by the United States to expand our economic relationship and drive investment in key sectors of the Azerbaijani economy,” Orr added.
Follow us on Telegram
t.me/apanewsaz
Follow us on Instagram
Follow us on TikTok
Follow us on Facebook
Follow us on X
