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Azerbaijan interested in upcoming exploration tender in the Black Sea

Azerbaijan is interested in the upcoming tender for oil and gas prospection and exploration in the “Han Tervel” Block 1-26 in the Black Sea, as emerged during a meeting between Bulgaria’s Energy Minister Vladimir Malinov and representatives of SOCAR.

“Azerbaijan is Bulgaria’s key partner in meeting one of our country’s main energy priorities, the diversification of energy sources,” Minister Malinov said. According to the Energy Minister, supplies from Baku make a significant contribution to ensuring security and competition in the natural gas market. “Thanks to the highly developed gas transmission infrastructure in the country we are continuing to expand, we can accept additional supplies that will increase energy security not only in Bulgaria but in the whole South-East Europe region,” Mr Malinov underlined.

Mr Malinov informed the Economy Minister about the Government’s intention to launch a new tender procedure in response to energy security challenges.

“The expansion of exploration activities in the Black Sea will make a major contribution to ensuring our energy independence,” he highlighted. Minister Jabbarov informed that Azerbaijan had recently started commercial extraction of natural gas from the Absheron field in the Caspian Sea and the country has an interest in continuing research into future similar projects.

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