Azerbaijan and Somalia discussed the possibilities of partnership in the energy sector

From January  to May 2024,  Azerbaijan imported 616.2 thousand tons of oil Russia, a third more  compared to last year, Interfax reports.  In monetary terms, the cost of imported Russian oil has also risen by almost a third — to $339 million.  In total, Azerbaijan purchased 742.3 thousand tons of black gold in the first five months of this year (+18% compared to January-May 2023) for $416 million. Thus, Russia's share in Azerbaijani crude oil imports amounted to 83%.

1.11 billion barrels of oil were produced from the “Central Azeri” platform, commissioned in February 2005, as part of the full-scale development of the Azeri-Chirag-Guneshli (ACG) field, by July 1, 2024, the State Oil Company of Azerbaijan (SOCAR), which has a 25 percent share in the ACG project.

Azerbaijani gas supplies to Serbia may be increased in the foreseeable future, the parties are currently discussing this issue, the Minister of Labor and Social Protection of the Population of Azerbaijan Sahil Babayev told journalists.

The Memorandum of Understanding recently signed in Baku by SOCAR and the largest Slovenian gas supply company “Geoplin” is a framework document and in fact the first real step towards gas cooperation between Azerbaijan and Slovenia, an informed source in KOKAR reported.