US Plans Energy Investments in Azerbaijan, Says $8 Billion in Deals Signed
06.03.2026 By Tank Terminals - NEWS

June 03, 2026 [Reuters]- A U.S. delegation and Azerbaijan signed commercial agreements worth more than $8 billion, and ​Washington plans to invest in the country’s ‌energy sector, U.S. Assistant Secretary of State Caleb Orr said on Tuesday.

 

Orr, on a visit to Baku, said ​the United States was seeking a larger ​role in Azerbaijan’s energy infrastructure projects.

“We are planning ⁠concrete investments in the energy sector,” Orr ​said in response to a Reuters question.

He said ​ExxonMobil remained an important partner in Azerbaijan after signing a memorandum of understanding on new exploration opportunities at last ​year’s Baku Energy Week, and that Chevron had ​signed a new exploration agreement during this year’s event, which ‌Washington ⁠supports.

“We expect that we will be able to help Azerbaijan grow its role as the central node of the Middle Corridor for energy transit ​going to ​Europe and ⁠to the rest of the world,” Orr said.

The economic dialogue was held ​under a Strategic Partnership Charter signed ​during U.S. ⁠Vice President JD Vance’s visit to Baku in February this year.

Economy Minister Mikayil Jabbarov said Azerbaijan ⁠and ​the United States had identified ​energy, investment, regional connectivity and artificial intelligence as key areas for ​cooperation.
 

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