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BAKU, AZERBAIJAN – February 27, 2025 – Azerbaijan and Somalia have signed a Memorandum of Understanding (MoU) to enhance cooperation in the oil and gas sector. The agreement, announced by Azerbaijan’s Energy Minister Parviz Shahbazov, follows discussions with Somalia’s Minister of Oil and Mineral Resources, Dahir Shire Mohamed.
Strengthening Energy Ties
The MoU aims to leverage Azerbaijan’s extensive experience in oil and gas projects to foster collaboration and knowledge exchange with Somalia. This partnership is expected to boost Somalia’s emerging energy sector and strengthen economic ties between the two nations.
Key Highlights
- Expertise Sharing: Azerbaijan, a key player in the Caspian region’s energy market, will share its expertise with Somalia to help develop its oil and gas resources.
- Economic Growth: The agreement is seen as a significant step towards diversifying and strengthening economic relations between Azerbaijan and Somalia.
- Future Prospects: While specific details of the partnership remain undisclosed, the MoU signals a mutual intent to explore opportunities in the oil and gas domain.