A framework agreement on cooperation was signed today in Cairo between SOCAR Trading and the Egyptian General Petroleum Corporation (EGPC) as part of the 9th Egypt International Energy Show (EGYPS 2026).

The document was signed by Natig Mustafayev, Chief Executive Officer of SOCAR Trading, and Salah Abdel Karim, Chief Executive Officer of EGPC.

In an interview with the agency's correspondent, Natig Mustafayev noted that SOCAR has already been cooperating with Egypt for 15 years. “This framework agreement will create conditions for the further expansion of our cooperation. Our investment and trade opportunities across various fields will increase,” he said.

EGPC CEO Salah Abdel Karim congratulated SOCAR on the signing of the agreement. He noted that the document will further facilitate SOCAR’s access to the Egyptian market for oil and gas products. “Egypt is a large and promising market. We are pleased with SOCAR’s operations here. We would like the company not only to limit itself to crude oil supply but also to actively participate in exploration and production (E&P) in Egypt,” the EGPC head emphasized.

He added that close cooperation exists between Azerbaijan and Egypt at the level of state leaders and relevant institutions, stressing that Egypt is interested in further deepening relations within the oil and gas sector.

Azerbaijan’s Ambassador to Egypt, Elkhan Polukhov, also attended the signing ceremony.