Baku: Azerbaijan and Somalia have officially entered into a new cooperative agreement aimed at enhancing collaboration in the oil and gas sector. This development follows the signing of the “Memorandum of Understanding on cooperation in the oil and gas sector between the Ministry of Energy of the Republic of Azerbaijan and the Ministry of Oil and Mineral Resources of the Federal Republic of Somalia,” as announced by Energy Minister Parviz Shahbazov on his X account.
According to Azeri-Press News Agency, the memorandum was signed following discussions between Minister Shahbazov and Dahir Shire Mohamed, the Minister of Oil and Mineral Resources of Somalia. The agreement reflects a shared interest in establishing a robust energy partnership, with an emphasis on leveraging Azerbaijan’s extensive experience in oil and gas projects to benefit both nations.
This strategic partnership is expected to pave the way for future collaborations and projects, further solidifying ties between the two countries in the energy sector. The memorandum is seen as a significant advancement in cooperation, highlighting the potential for mutual benefits and growth in oil and gas exploration and development.