BAKU, Azerbaijan, October 29. Hydrocarbon exports, geothermal energy development, and critical minerals could become key areas for diversifying Azerbaijan’s economy, said Sunniya Durrani-Jamal, Country Director of the Asian Development Bank (ADB) for Azerbaijan, Trend reports.
During the discourse at the 13th International Caspian Energy
Forum 2025 in Baku, Durrani-Jamal articulated that although
hydrocarbon exports constitute a pivotal revenue stream, they ought
not to serve as the exclusive catalyst for economic advancement.
She underscored the imperative for an equitable energy transition
that harmonizes fiscal considerations with societal
ramifications.
Durrani-Jamal also highlighted the prospective advantages of
geothermal energy and the extraction of essential minerals,
emphasizing that these domains could play a pivotal role in
economic diversification across both energy and non-energy
sectors.
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