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Tue 31 Jan 2017 07:32 PM

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Azerbaijan and Qatar discuss closer economic ties

Qatar has been active in doing business in the former Soviet Union; both countries are big producers of oil and gas

Azerbaijan and Qatar discuss closer economic ties
A general view of Baku, Azerbaijan. (Photo by Harry Engels/Getty Images for BEGOC)

The foreign ministers of Azerbaijan and Qatar discussed boosting trade, investment and economic cooperation at talks in the Azeri capital Baku on Tuesday.

The Azeri minister, Elmar Mammadyarov, said Azeri President Ilham Aliyev was likely to visit Qatar next month.

Qatari Foreign Minister Sheikh Mohammed bin Abdulrahman bin Jassim Al-Thani said the visit would "give additional impetus to the development of political and economic relationships between the two countries".

Both countries are significant producers of oil and gas.

Qatar has been active in doing business in the former Soviet Union. Last month, the Qatar Investment Authority fund and commodities trader Glencore acquired a 19.5 percent stake in the biggest Russian oil producer, Rosneft.

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