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The Government of the Republic of Serbia

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Agreement on cooperation in field of energy improves relations with Azerbaijan

Belgrade/Baku, 1 June 2022

Deputy Prime Minister and Minister of Mining and Energy Zorana Mihajlovic met in Baku with Azerbaijani President Ilham Aliyev to discuss political relations, improving economic and cooperation in the field of energy and comprehensive relations of the two countries.

Mihajlovic conveyed the greetings of Serbian President Aleksandar Vucic to President Aliyev and pointed out that thanks to the good relations between the two presidents, there is a political dialogue at the highest level.

Serbia and Azerbaijan are two friendly countries. This year marks 25 years of diplomatic bilateral relations. "We are grateful to Azerbaijan for supporting our sovereignty and territorial integrity, and excellent bilateral and friendly relations based on strategic partnership give us the opportunity to improve economic relations, especially in the field of energy," Mihajlovic said during the meeting.

The Deputy Prime Minister stated that excellent political relations represent a perspective for further development of economic relations, since Azerbaijani companies are already engaged in the field of transport infrastructure.

President Aliyev said that the arrival of the Deputy Prime Minister is a good incentive for the continuation of excellent relations between the two countries, and thanked for the invitation to visit Serbia and returned cordial greetings to President Aleksandar Vucic.

I am looking forward to joint projects that will bring our two countries even closer. I believe that I will soon visit my friend, President Vucic, and I ask you to convey cordial greetings to him, Aliyev said.

During the meeting, they discussed energy security, but also the provision of cereals, and it was agreed to form a working group to improve cooperation in energy.

Mihajlovic mentioned that trade cooperation between the two countries is growing, especially in the last two years, and economic relations have been raised to a higher level thanks to cooperation in the field of road infrastructure.

She stated that the company Azvirt built the section of the Milos the Great highway Ljig-Preljina, and was also engaged in the construction of the bypass around Belgrade and the fast road Ruma-Sabac-Loznica.

We intend to further develop cooperation, especially in the field of energy, in which the memorandum of cooperation will help us a lot. Of particular importance is the cooperation regarding the Southern Gas Corridor. Serbia has started the construction of the Serbia-Bulgaria gas interconnection, which will be completed next year and will enable us to receive gas from other suppliers as well, she noted.

We believe that more intensive cooperation with Azerbaijan in the field of energy, primarily through the diversification of routes and natural gas suppliers, can significantly contribute to greater energy security of Serbia and the region, she said.

The Deputy Prime Minister pointed out that there is a potential for improving cooperation in other areas, including renewable energy sources and the use of new technologies and opportunities for electricity procurement, which makes Serbia and Azerbaijan partners in the energy transition process.

Today, Mihajlovic attended the opening of the "Energy Week" and the "Energy Forum", in which she will participate tomorrow.