Bulgarian Premier Plamen Oresharski will visit Azerbaijan from February 18 to 20, reads the information on the web site of the Azerbaijan Ministry of Energy.
Yesterday Azerbaijani Energy Minister Natig Aliyev met with Bulgarian Minister of Economy and Energy Dragomir Stoynev.
“At the meeting the sides mentioned the necessity to expand bilateral cooperation in the economic, humanitarian, industrial and energy fields,” reads the information.
Stonev also said at the meeting that Azerbaijan and Bulgaria have been negotiating the gas deliveries.
As a part of the Shah-Deniz-2 project Bulgaria will import 1 billion cub.m. of Azerbaijani gas since 2019. The commercial contract for 25 years was signed on September 19, 2013. Bulgaria plans to import Azerbaijani gas via the branch of the trans-Adriatic pipeline (TAP), which will connect Greece with the Bulgarian main system.
However, the Bulgarian authorities consider another option of the Azerbaijani gas import. The Bulgarian authorities do not wish to wait till 2019 and consider building the connecting pipeline Turkey-Bulgaria to receive gas from the Shah-Deniz Phase 1. Azerbaijan has a possibility to increase production on the Shah-Deniz 1 right now, but it has no the market for this gas.—0--
Economics
-
The Baku International Sea Trade Port, a critical link in the Middle Corridor connecting East and West, handled 7.6 million tons of cargo in 2024, marking a 3.2% increase from the previous year. This growth underscores the port's expanding role in global trade and its significance as a transit hub for countries such as China, Turkey, Georgia, Iran, and Russia.
-
Azerbaijan’s state oil company SOCAR has acquired a 3% stake in the offshore SARB and Umm Lulu concession in the United Arab Emirates (UAE) from Abu Dhabi National Oil Company (ADNOC) for $285 million, marking a significant step in deepening energy ties between the two nations. The transaction, completed in May 2024, was completed in January 2025.
-
The Baku Small and Medium Business (SME) House and the Miniboss Business School have signed a memorandum of understanding aimed at developing entrepreneurial skills among children, the Small and Medium Business Development Agency (KOBIA) reported on Monday.
-
In 2025, Azerbaijan's information security and digital infrastructure remain under pressure, as experts highlight the absence of a National Internet Exchange Point (IXP). Osman Gunduz, head of the NGO Multimediya, has renewed calls for the Information and Communication Technologies Agency (İKTA) to spearhead the creation of a Milli İnternet Mübadilə Mərkəzi (National Internet Exchange Centre) in collaboration with key local providers Azertelecom, Delta Telecom, AzTelekom, and global industry leaders.
Leave a review