Hirman: Memorandum opens new page in oil and gas cooperation with Azerbaijan

The Memorandum of Understanding (MoU) signed today in Sofia opens a new page in oil and gas cooperation with Azerbaijan, said Slovak Economy Minister Karel Hirman at the signing ceremony of the MoU for encouraging cooperation between Bulgartransgaz (Bulgaria), Transgaz (Romania), FGSZ (Hungary), Eustream (Slovakia) and the State Oil Company of the Azerbaijan Republic (SOCAR), Report informs.

According to Hirman, the events of the past year have seriously affected Europe's energy security and revealed its dependence on Russian gas:

“Reducing dependence on one gas source is in line with our strategy.”

According to the economy minister of Slovakia, the Solidarity Ring initiative makes it possible to strengthen Europe's energy security: “I believe that the memorandum signed today opens a new page in oil and gas cooperation with Azerbaijan. Azerbaijan is reliable partner in this field.”