SOCAR

BELGRADE - Serbian Minister of Energy and Mining Dubravka Djedovic Handanovic and Azebaijani Energy Minister Parviz Shahbazov signed a MoU on bilateral cooperation in the field of green energy in Belgrade on Thursday.

In the first half of 2024, Western allies, including Bulgaria, the European Union and the United States, purchased around 2 billion dollars worth of oil products from Turkey that were refined from Russian crude oil, according to a report by the Center for the Study of Democracy (CSD) and the Center for Energy and Clean Air (CREA).

At least 25% of internet traffic and data carried from Asia to Europe via undersea fiber-optic cables in the Red Sea has been affected since the start of the year.

The reason is said to be the attacks by Houthi rebels, who in several cases have caused serious damage to the submarine cables resulting in interruptions.

Azerbaijan's Ambassador to Bulgaria, Huseyn Huseynov, conveyed in an interview with "Euronews Bulgaria" that Azerbaijan remains receptive to considering the acquisition of Bulgaria's Lukoil Neftohim Burgas oil refinery. However, as of now, there has been no concrete proposal put forth for consideration, as stated by the Ambassador.

Speculations are rife about the potential buyer for Lukoil Neftohim Burgas refinery, with Azerbaijani state oil company SOCAR emerging as the primary contender, as reported by Trud newspaper.

BAKU - The energy ministries of Serbia and Azerbaijan signed on Wednesday a MoU on deepening bilateral relations in the energy sector and a commercial agreement between the gas companies Srbijagas and SOCAR under which Azerbaijan will supply up to 400 mln cubic m of natural gas to Serbia by end-2024.

On the initiative of Bulgaria, a contract was signed today in Sofia between the operator of the gas transmission system "Bulgartransgaz", as well as the relevant companies in Romania ("Transgaz"), Hungary (FGSZ), Slovakia ("Eustream"), as well as the state oil company of the Republic Azerbaijan ("SOCAR")

The President of the Republic of Azerbaijan Ilham Aliyev is arriving in our country tomorrow at the invitation of the Bulgarian Head of State Rumen Radev.

The two will attend the official opening of an office of the State Oil Company of the Republic of Azerbaijan (SOCAR) in Sofia.

In May of this year, the State Oil Company of Azerbaijan (SOCAR) will open its office in Bulgaria. This is a sign of the serious intentions to deepen cooperation between the two countries in the field of energy. This was stated by President Rumen Radev after a video conference call with his colleague Ilham Aliyev, which took place in Baku, announced the press office of the head of state.

President Rumen Radev canceled his participation in the tenth global forum in Baku. The head of state, who is in Azerbaijan, has tested positive for Covid-19. He was subsequently given two more tests, which were negative.