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Azerbaijan-Italy Economic Cooperation Commission Meets in Baku

SOLAR ENERGY

The 6th session of the Azerbaijan-Italy Intergovernmental Commission on Economic Cooperation took place in Baku on January 13, focusing on energy, trade, investment, and SMEs. The meeting resulted in a protocol and a 2026-2027 Action Plan with 65 initiatives.

Azerbaijan remains Italy's second-largest gas supplier, providing 9.5 billion cubic meters in 2025. The State Oil Fund of Azerbaijan's investments in Italy have reached $2.8 billion, with $118.6 million invested in 2025.

SOFAZ acquired a 49% stake in solar power plants in Italy, enhancing Azerbaijan's renewable energy presence. The bilateral trade from January to November 2025 reached $11.2 billion, with Italy accounting for over 25% of Azerbaijan’s foreign trade.

Azerbaijan-Italy Economic Cooperation Commission Meets in Baku
Jan 15, 2026, 6:31 AM

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