Bank Of Baku

Azerbaijan to engage in oil production abroad

Azerbaijan to engage in oil production abroad
# 11 November 2011 13:35 (UTC +04:00)
Reminding old cooperation between SOCAR Norway’s company, Abdullayev said that the experience of Statoil had been used in reestablishment of oil company’s structure.

Speaking about the meeting held on November 10 with head of Statoil company, Abdullayev noted that SOCAR intends to cooperate with Statoil in different regions of the world: “Statoil has projects in the North Sea, we also have some projects. We conduct discussions for establishment of new cooperation”.

Abdullayev said that at present time, SOCAR was working in different countries – Georgia, Turkey, Ukraine, Romania and etc: “these are especially the works related to sale. We decided to engage in production in different regions of the world”.
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