Russian state-owned energy giant Gazprom and Azerbaijan’s SOCAR, the State Oil Company of Azerbaijan Republic, have agreed to enhance their extensive strategic partnership, in an announcement made during Russian President Vladimir Putin’s visit to Baku.
According to local media reports, a Gazprom delegation led by management committee chairman Alexey Miller participated in events held during Putin’s state visit.
Miller emphasised that the partnership-based collaboration between Gazprom and the state-owned oil company is “mutually beneficial” and is “developing dynamically.”
As an example of the progress being made, he cited the North-South project, or the comprehensive scientific and technical program” to be signed next month while the agreement has been “reached to broaden the multifaceted strategic partnership.”
Iran and Russia also collaborate to enhance trade connections and shared transportation infrastructure through the International North-South Transport Corridor.
This corridor links India and the Persian Gulf with Russia and Northern Europe, playing a vital role in trade and relations between the two countries.
