en.Wedoany.com Reported - The United States and Azerbaijan signed commercial agreements worth over $8 billion in Baku, with U.S. Assistant Secretary of State Caleb Orr stating that Washington plans to increase investment in Azerbaijan's energy sector.

During his visit to Baku, the capital of Azerbaijan, Orr noted that the U.S. is seeking a more significant role in the country's energy infrastructure projects. In response to a Reuters question, he indicated that the U.S. is planning substantial investments in the energy sector. Orr revealed that ExxonMobil remains an important partner for Azerbaijan after signing a memorandum of understanding on new exploration opportunities during last year's Baku Energy Week; Chevron also signed a new exploration agreement during the same event this year, with Washington expressing support.

Orr expects that the U.S. will be able to help Azerbaijan expand its role as a core hub of the Middle Corridor, a key route for transporting energy to Europe and other parts of the world. This economic dialogue was held under the framework of the Strategic Partnership Charter signed during U.S. Vice President JD Vance's visit to Baku in February.

Azerbaijani Economy Minister Mikayil Jabbarov stated that Azerbaijan and the U.S. have identified energy, investment, regional connectivity, and artificial intelligence as key areas of cooperation.

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