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SOCAR interested in gas distribution in Bulgaria

Oil&Gas Materials 23 July 2018 22:15 (UTC +04:00)
Azerbaijan’s state oil company SOCAR is interested in gas distribution in Bulgaria, Director of SOCAR Balkan company Murad Heydarov told Trend
SOCAR interested in gas distribution in Bulgaria

Baku, Azerbaijan

By Ali Mustafayev - Trend:

Azerbaijan’s state oil company SOCAR is interested in gas distribution in Bulgaria, Director of SOCAR Balkan company Murad Heydarov told Trend July 13.

Back in 2015, the Bulgarian government presented a set of projects on energy cooperation to Azerbaijan.

In particular, the Azerbaijani side was invited to participate in the construction of gas filling stations, invest in the construction of oil and gas storage facilities, oil refineries.

“The sphere of SOCAR’s interests in Bulgaria includes several potential projects, however the distribution of gas is currently on the agenda,” Heydarov said.

The company is exploring opportunities to invest in Bulgaria’s gas distribution network.

Earlier, SOCAR confirmed its intention to invest in the development of Bulgaria’s gas distribution network.

SOCAR’s interest in ensuring gas supply of Bulgarian cities was expressed during a meeting of Bulgaria’s Prime Minister Boyko Borissov with Azerbaijan’s President Ilham Aliyev in January. SOCAR has already successfully invested in this sector in Georgia and can use this experience in Bulgaria as well.

SOCAR representatives set before the Bulgarian experts from the Energy Ministry a number of issues related to legislation on gas distribution, subsidies for households, the choice of natural gas as a source of energy, competitive advantages of gas over other sources. The meeting in the Commission for Regulation of Energy and Water Supply will discuss details of the regulatory framework and licensing of gas distribution companies.

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