Creating new perspectives since 2009

2 Turkey firms to operate 3 Azerbaijan mines

June 1, 2021 at 12:52 pm

Azerbaijani President Ilham Aliyev attends the summit of the Turkic Council, in Baku, Azerbaijan on March 31, 2021 [Azerbaijani Presidency/Anadolu Agency]

Azerbaijani President Ilham Aliyev signed an order on Saturday to transfer the operations of the country’s three mineral mines to two Turkish companies, Anadolu reports.

The Qasqacay, Elbeydas and Agduzdag mines were transferred for the purpose of study, research, exploration, development and exploitation based on a 30-year contract, the report said.

Turkey’s Eti Maden will operate the Qasqacay mine, while Artvin Maden will have the Elbeydas and Agduzdag mines.

Turkey also inked broad energy agreements with Azerbaijan.

Azerbaijan became Turkey’s major gas supplier in 2018.

READ: Turkey, Azerbaijan to hold military dialogue in June