Russia has become the leading supplier of oil to Azerbaijan this year

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.

Yesterday, Azerbaijani Economy Minister Mikail Jabbarov held a meeting  with Ahmed Moalim Figi, Somali Minister of Foreign Affairs and International Cooperation. They discussed issues related to bilateral economic relations between the countries and potential partnership opportunities in the energy sector. The parties stressed the expediency of establishing mutually beneficial economic ties between the two countries, expanding the contractual and legal framework in order to support the development of relations, as well as exchange of experience in areas of mutual interest.

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.