Azerbaijan-Turkey relations have always been strong due to a common culture and history and the mutual intelligibility of Turkish and Azerbaijani languages.
Turkey was the first country in the world to recognize Azerbaijan`s independence in 1991 and has been a staunch supporter of Azerbaijan in its efforts to preserve its territorial integrity and realize the economic potential that arises from its rich natural resources in the Caspian Sea.
Considering the current trend in the increase of important projects initiated by the two countries, Azerbaijani-Turkish collaboration is expected to develop in the future.
The economic projects jointly implemented by Azerbaijan and Turkey, particularly in the energy sector, have made a significant contribution to the development of the strategic partnership between the two countries.
One of the major joint energy projects is TANAP, which is developed by SOCAR in collaboration with Turkish Botas and the energy company TPAO, and will deliver gas from the Shah Deniz field to the Turkish-Greek border from eastern Turkey.
The cooperation – not only in transportation of energy resources, but also in their exploration – is believed to bring the fruitful partnership of the two countries to a new level.
The amount of Azerbaijani investments in Turkey in the coming years is projected to exceed $20 billion. This will become Azerbaijan`s largest investment abroad.
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