SOCAR

Flames soar into the air from a sandstone outcrop on a hillside on the Absheron peninsula near Baku, the capital of Azerbaijan, as it prepares to host the COP29 climate conference next week.

The "burning mountain" — Yanardag in Azerbaijani — is fed by underground gas rising to the surface and igniting upon contact with oxygen.

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")

Azerbaijan plans to double natural gas supplies to Europe by 2027, said the President of Azerbaijan Ilham Aliyev in Sofia. He is a special guest at the signing ceremony of a memorandum on the Solidarity Ring initiative, which aims to increase the security of natural gas supplies to the European Union. The event is hosted by President Rumen Radev.

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.