“Italy remained Azerbaijan’s largest trade partner in 2019, and Azerbaijan remained Italy’s largest crude oil supplier and the biggest importer of Italian goods in the South Caucasus. In 2020, the TAP gas pipeline will be launched and the first Azerbaijani gas will be transported to Italy,” Ahmadzade said.
Ahmadzade added that Azerbaijan-Italy business forum will be held in Italy in 2020 and will contribute to the diversification of the bilateral economic cooperation.
“There are industries with great potential, such as agribusiness, construction, and technology, where our companies can find more opportunities for cooperation,” the ambassador said.
Italy is one of the main buyers of Azerbaijani oil. Italian company Eni has been involved in several projects for the operation of oil and gas fields in Azerbaijan since 1995, which laid the foundation for economic cooperation between the two countries.