Bulgartransgaz & SOCAR will conduct joint exploration activities for the expansion of the Bulgarian underground gas storage
Bulgaria and Azerbaijan have signed two gas cooperation agreements, according to a media statement of the Ministry of Economy and Energy.
Under a memorandum between Bulgarian gas transmission operator Bulgartransgaz and the State Oil Company of the Azerbaijan Republic (SOCAR), the two companies will conduct joint exploration activities for the expansion of the Bulgarian underground gas storage near Chiren.
The other document is a Letter of Intent which envisages talks between SOCAR and state-owned gas supplier Bulgargaz on gas deliveries to Bulgaria via the Greece-Bulgaria gas grid interconnection as of 2017.
The two documents were signed during the visit of Bulgarian President Rosen Plevneliev to Baku, where he attended the groundbreaking ceremony for the southern Gas Corridor, reported Sofia News Agency.—12D--
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- 22 September 2014 18:45
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- 22 September 2014 19:33
Economics
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The Green Climate Fund (GCF), an operating entity of the financial mechanism of the UN Framework Convention on Climate Change (UNFCCC) and the body responsible for implementing the Paris Agreement, has included Azerbaijan for the first time in its list of countries eligible for funding.
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As a member of the International Renewable Energy Agency (IRENA) Council, Azerbaijan participated in the 28th meeting of this Council in Abu Dhabi (UAE).
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Azerbaijan’s imports of animal and vegetable fats and oils climbed 23.9% by weight and 16.2% by value from January to September 2024, official data revealed. Despite the uptick in volume, the import cost of these products saw a decrease compared to the same period last year, with the cost per ton of vegetable oil falling by 6.1% to $1,199.6 in 2024, down from $1,278.6 in 2023.
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