Italy and Azerbaijan: a growing strategic partnership
In today’s global business landscape, bilateral cooperation plays a vital role in ensuring economic stability and growth. Italy and Azerbaijan are a prime example of this dynamic, having built a robust strategic relationship grounded in energy, infrastructure, and culture. As of 2024, Italy stands as Azerbaijan’s largest trading partner, with bilateral trade reaching €8.7 billion, accounting for over 38% of Azerbaijan’s total exports. This solid partnership reflects shared economic interests, long-term strategic vision, and increasing trust between Rome and Baku.
Key sectors of cooperation
Energy
Azerbaijan is one of Italy’s main suppliers of oil and natural gas. The Trans-Adriatic Pipeline (TAP), operational since 2020, has significantly deepened energy ties between the two nations, extending the Southern Gas Corridor directly to the Italian coast. This infrastructure not only ensures a stable energy supply for Europe but also places Azerbaijan in a key geopolitical role in regional energy security.
Infrastructure and Technology
Several Italian companies, including Saipem, Maire, and Technip, have established a strong presence in Azerbaijan by participating in critical infrastructure projects. A notable example is the renovation of the Mingachevir power plant, where Ansaldo Energia provided four gas turbines manufactured in Genoa. This project alone contributes to over 20% of Azerbaijan’s national energy needs, highlighting Italy’s technical and industrial contribution to Azerbaijan’s modernization.
Culture and Education
Cultural ties continue to flourish through initiatives like the Italy-Azerbaijan University, established in 2022 via a partnership between ADA University in Baku and five Italian universities. This academic bridge promotes educational exchange and strengthens mutual understanding and fosters a new generation of professionals familiar with both nations’ cultures and markets.
Looking ahead
Italy’s ambassador in Baku has emphasized the importance of further diversifying bilateral cooperation. Emerging sectors such as renewable energy, agriculture, and digital transformation are seen as future pillars of the partnership. For its part, Azerbaijan has expressed strong interest in collaborating with Italy to diversify its economy and reduce reliance on the energy sector alone. The outlook for 2025 is therefore one of mutual opportunity, with both countries committed to innovation, investment, and sustainable development.
Sinalco Group: your trusted partner in Azerbaijan
In this context of expanding collaboration, Sinalco Group stands ready to support Italian businesses looking to enter or grow in the Azerbaijani market. From market entry strategies and legal compliance to full logistical support and cultural mediation, Sinalco provides turnkey solutions tailored to your business objectives.
With deep-rooted expertise in both European and Azerbaijani business environments, Sinalco Group is your reliable partner for unlocking new opportunities in a strategic and fast-growing market. Let us help you navigate this evolving partnership and make your expansion a success.