We use cookies
To help provide you with a good experience on our website. By continuing to browse the website, you are agreeing to our use of cookies.

Adani Group to invest in Azerbaijan’s mining & petrochemical projects

DOWNSTREAM CENTRAL ASIA AND CASPIAN

Adani Group to invest in Azerbaijan’s mining & petrochemical projects

The ports-to-energy conglomerate, Adani Group is considering mining and petrochemical projects in Azerbaijan as it attempts to grow outside of India. - ConstructionWorld

According to a statement from the President of Azerbaijan's office, Adani met with President Ilham Aliyev of Azerbaijan in Davos. The expansion of Azerbaijan’s economy, the potential for cooperation with the Adani Group in the petrochemical, mining, and metallurgical industries, as well as other areas of mutual interest, were all topics of discussion during the talk, according to the statement.

Adani has been rapidly diversifying its business in recent years, growing an empire that is centred on ports and coal mining to encompass airports, data centers, cement, and green energy.

According to Gautam Adani, the firm has vast experience in the fields of port management, transport and transportation in India and other regions of the world and has made direct investments in these fields in a number of nations. The parties agreed to conduct reciprocal visits of delegations and to hold comprehensive discussions on future collaboration.

The Azerbaijani government released a statement

The two parties underlined that Azerbaijan is the initiator of the East-West and North-South transport corridors, and one of the major transport logistics hubs and looked into possible areas of cooperation in this regard. In the context of the East-West transit corridor, they also recognized the importance of the Middle Corridor via Azerbaijan. The Trans-Caspian East-West Corridor is crucial to reviving the ancient Silk Road. It travels via train and road routes across Georgia, Azerbaijan, and the Caspian Sea and heads in the direction of China through the route Turkmenistan, Uzbekistan, Kyrgyzstan, and Kazakhstan.

Relevant news

DOWNSTREAM CENTRAL ASIA AND CASPIAN
Globuc Releases Annual Report on Key Downstream Projects in Central Asia, Enhancing Regional Capacities
Stay informed about developments in Central Asia and the Caspian region's energy and petrochemical markets with our detailed report.
DOWNSTREAM CENTRAL ASIA AND CASPIAN
GAIL announces significant investment plan for petrochemicals segment
GAIL plans to import ethane as a primary petrochemical feedstock to various demand centres across India.
DOWNSTREAM CENTRAL ASIA AND CASPIAN
Azerbaijan’s gas exports to Europe up by nearly 3%
Azerbaijan’s overall gas exports for the four two months of 2024 amounted to 8.5 billion cubic meters.
DOWNSTREAM CENTRAL ASIA AND CASPIAN
Kazakh KazTransOil sees growth in oil transportation to refineries
KazTransOil transported 11.379 million tons of oil separately through its main oil pipeline system from January through March 2024.
HYDROGEN IN CENTRAL ASIA AND CASPIAN
ACWA Power inks deal to drive renewable energy development in Azerbaijan
ACWA Power known for its large green hydrogen storage capacity, announced that it has reached a new agreement with Socar.
DOWNSTREAM CENTRAL ASIA AND CASPIAN
Kazakhstan’s share in total exports of petrochemicals in the EDB region is more than 22%
The potential volume of exports of petrochemical products from the Eurasian region by 2035 can reach more than 7 million tons.