SOCAR, Union Energy inks MoU

The State Oil Company of Azerbaijan (SOCAR) and Union Energy Sign Memorandum of Understanding (MoU), Azerbaijan’s Economy Minister, Mikayil Jabbarov, wrote on X, Report informs.

“As part of our working visit to Israel, a Memorandum of Understanding was signed between SOCAR and Union Energy on joint exploration activities in Israel's Exclusive Economic Zone (EEZ). The implementation of this agreement will drive the expansion of the parties' international cooperation network and provide access to new energy reserves,” reads the post.