Mikayil Jabbarov: Oil field may be discovered in Azerbaijan in cooperation with ExxonMobil

Azerbaijan is looking to discover a major unconventional oil field with the support of the American company ExxonMobil, Minister of Economy Mikayil Jabbarov said at a special Cabinet of Ministers session dedicated to President Ilham Aliyev’s visit to the United States.

According to Report, he noted that the signing of a Memorandum of Cooperation between the State Oil Company of Azerbaijan (SOCAR) and ExxonMobil will positively influence the development of energy sector cooperation.

The Minister emphasized that Azerbaijan’s contribution to regional and global energy security was particularly highlighted during meetings in Washington:
“Today, Azerbaijan supplies natural gas to 10 US allies. Overall, Azerbaijani pipeline gas deliveries reach 14 countries. Our country has recently begun supplying gas to Syria. The US welcomed Azerbaijan’s participation in oil and gas projects of Washington’s allies such as Israel and the United Arab Emirates.”

Jabbarov added that Azerbaijan’s energy resources, including its renewable energy potential, make the country attractive for investment in data center infrastructure and artificial intelligence technologies.

“Azerbaijan plays an indispensable role in implementing several projects connecting strategically important regions of Central Asia and the South Caucasus,” the minister said.