13 December, 2018

IsDB can take part in Trans-Caspian pipeline project

1532 timeviewed

The Islamic Development Bank (IsDB) is ready to explore the possibility of supporting the implementation of the Trans-Caspian pipeline, Director of the Regional Hub of the IsDB Group in Turkey Saleh Jelassi said in an interview with Trend and Azernews.

"The IsDB is ready to explore possible support for the Trans-Caspian pipeline project if the Republic of Azerbaijan and other stakeholders decide to approach the IsDB Group as a potential partner," he said.

Jelassi said the Trans-Caspian pipeline project has the potential to facilitate growth and development in two key regions - the Caucasus and Central Asia.

In addition, he noted that supporting economic infrastructure and connectivity are major pillars of the IsDB Group's Ten-Year Strategy.

"We believe that the Trans-Caspian pipeline project will potentially play a highly significant role in strengthening cooperation between two major Member Countries of the Islamic Development Bank, i.e., Azerbaijan and Turkmenistan," Jelassi said.

In 2011, the European Union adopted a mandate to negotiate signing of a legally binding agreement between the EU, Azerbaijan and Turkmenistan for the construction of the Trans-Caspian pipeline.

The Trans-Caspian Pipeline Agreement will lay the foundation for construction of a sub-sea pipeline connecting Turkmenistan with Azerbaijan, and also for connection of this pipeline with the infrastructure that will deliver gas from Central Asia to the EU.

Azerbaijan joined the Islamic Development Bank in 1992. The main areas of interest of IsDB in Azerbaijan are energy, irrigation, road construction and agriculture.

Last news

Nazarbayev awarded Turkic World Supreme Order

Kazakhstan • 15 October, 2019

The code of Nur-Sultan airport changes

Kazakhstan • 14 October, 2019

Nursultan Nazarbayev arrives in Baku

Politics • 14 October, 2019

Kassym-Jomart Tokayev arrives in Ashgabat

President • 11 October, 2019

The Head of state arrives in Aktau

President • 10 October, 2019

The Head of state holds a number of meetings

President • 10 October, 2019

Tokayev to pay working visit to Turkmenistan

President • 09 October, 2019

Sooronbay Jeenbekov meets with Darkhan Kydyrali

Lifestyle • 09 October, 2019

Askar Mamin pays visit to Semey

Government • 08 October, 2019

President meets Vice President of Bulgaria

President • 07 October, 2019

The Golden man is represented in Malaysia

Lifestyle • 02 October, 2019

Similar news