SOCAR opens its office in Bulgaria in May
• Energy • News • South-East European INDUSTRIAL Мarket - issue 1/2023 • 22.03.2023
In May of this year, the Azerbaijani state oil company SOCAR will open its office in Bulgaria. This is a sign of the serious intentions to deepen cooperation between the two countries in the field of energy. This was stated by Bulgaria’s President Rumen Radev after a video conference call with his colleague Ilham Aliyev, which took place in Baku, the press office of the head of state announced.
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The opening of a SOCAR office was agreed upon during Aliyev’s visit to Sofia last year. From the Azerbaijani side, serious interest has been shown in the Solidarity Ring (String) project initiated by Bulgaria, which allows the transfer of additional quantities of natural gas to Europe from Azerbaijan, using the existing infrastructure of gas transmission networks of Bulgaria, Romania, Hungary and Slovakia.
Keywords: SOCAR, oil industry, natural gas
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