Black Sea Forum for Partnership and Dialogue Black Sea Forum for Partnership and Dialogue The inaugural session of the Black Sea Forum for Partnership and Dialogue (BSF) was held on June 4–6, 2006 in Bucharest. The Forum is a Romanian initiative, initially meant to hold annual presidential-level summits (the venues rotating among participant countries) and thematic or sectoral-cooperation meeting during those annual intervals. The Forum is not meant to create new regional institutions, but rather to turn into a regular consultative process among countries of the extended Black Sea region (defined as including the South Caucasus to the Caspian Sea) and between this group of countries and
Caspian Sea cargo and passengers in the Trans-Caspian direction, also performs work to fully ensure the processes of oil and gas production at sea. This activity has a rich history. The development of the shipping industry in Azerbaijan is closely connected with the formation and progress of the oil industry. In the 19th century, the sharp increase in oil production in Baku gave a huge impetus to the development of shipping in the Caspian Sea, and as a result, there was a need to create fundamentally new floating facilities for the transportation of oil and oil products. Many of the islands along