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Published:March 23rd, 2007 04:52 EST
Azerbaijan and U.S. Sign Memorandum of Understanding on Energy Security Cooperation

Azerbaijan and U.S. Sign Memorandum of Understanding on Energy Security Cooperation

By SOP newswire

Secretary of State Condoleezza Rice and Azerbaijani Foreign Minister Mammadyarov will sign a U.S.-Azerbaijan Memorandum of Understanding on Energy Security Cooperation in the Caspian Region today, March 22, at the U.S. Department of State.

The agreement expresses the intention of the Governments of the United States and Azerbaijan to convene a high-level dialogue on energy security in the Caspian region co-chaired by the U.S. Department of State and the Ministry of Foreign Affairs of Azerbaijan. The high-level dialogue will aim to deepen and broaden already strong cooperation among governments and companies to expand oil and gas production in Azerbaijan for export to global markets. Of particular focus will be realization of the Turkey-Greece-Italy gas pipeline, and potentially the Nabucco and other pipelines, with Azerbaijani gas, to help Europe bolster its energy security by diversifying its natural gas supplies. This Memorandum of Understanding forms an important element in our growing partnership with Azerbaijan, which includes cooperation on energy, democratic and market economic reform, and security.

Source:U.S. Dept. of State