Memorandum on Ionian Adriatic Pipeline signed

The ministers of economy of Montenegro, Albania and Croatia and the executive manager of the State Oil Company of Azerbaijan Republic (SOCAR) signed a Memorandum of Understanding on the Ionian Adriatic Pipeline construction project.

The agreement was signed in Dubrovnik, at the end of the Croatia Summit, whose topic was the need for a mutual cooperation in estimating hydrological potentials and other energy sources in the region, it was announced in Podgorica.

The executive manager of SOCAR, Murad Heydanov, said that his company’s goal was to link the Caspian and the Adriatic Sea.

The Croatian minister of economy, Tomislav Paneric, said that the Ionian Adriatic Pipeline would be “the generator of the energy stability of the region”

Ministarstvo ekonomskog razvoja Crne Gore

Ministry of Economy, Trade and Energy Tirana

Ministarstvo gospodarstva Zagreb

SOCAR Baku

Ionian Adriatic Pipeline

Ministry of Economy of Montenegro

Ministry of Economy of Albania

Ministry of Economy of Croatia

SOCAR

Murad Heydanov

Tomislav Paneric

Adriatic Sea

Caspian Sea

Croatia Summit