The Caucasus nation's state oil company will explore for natural gas off the Israeli coast
Israel and Azerbaijan will sign an agreement in Jerusalem on Monday granting the State Oil Company of the Republic of Azerbaijan (SOCAR) a license for gas exploration in Israel, the Israeli Ministry of Energy and Infrastructure said on Sunday.
The accord, which is expected to strengthen Israel’s energy security, is the latest sign of the friendly ties between the Jewish state and the predominantly Shi’ite Muslim country.
The gas exploration deal will be signed during a visit to Israel by Azerbaijan’s Economy Minister Mikayil Jabbarov, who also serves as the chairman of SOCAR, in a ceremony with Israeli Energy Minister Eli Cohen at his office.