[4] The Ministry of Industry and Energy of Azerbaijan Republic has agreements and cooperates with European Energy Charter, Organization of the Black Sea Economic Cooperation, Executive Committee of the CIS Energy Council, Organization for Economic Cooperation, US Agency for International Development, European Commission of European Union (INOGATE, TACIS, TRACECA), UN Economic Commission for Europe (UNECE), International Atomic Energy Agency, Coordination Council for the development of oil transportation corridor within the framework of GUAM, World Trade Organization, Work Group for cooperation with NATO, Special Work Group of the UN Economic and Social Council, International Monetary Fund, World Bank, European Bank for Reconstruction and Development, German KFW Bank, Islamic Development Bank, Asia Development Bank, Japanese Bank for International Cooperation.

[5] The Ministry of Energy of Azerbaijan held a meeting with the Eastern Committee of the German economy on 13 February 2018.

It is also one of the companies, which is going to buy gas from Shahdeniz Stage 2 Azerbaijan and Germany are going to exploit the alternative energy to strengthen economic relations.

The delegation of Azerbaijan had a meeting with Salman bin Abdulaziz al Saud, during which the cooperation in the energy sector was discussed.

Khalid Abdulaziz Al Falih, Minister of Energy, Industry and Natural Resources, mentioned that the branch of “Saudi Aramco” company would operate in Azerbaijan.

The Ministry of Energy of Azerbaijan cooperates with BP for the realization of this project in the Caspian Region.