Bank Of Baku

ExxonMobil intends to increase investments in Azerbaijan

ExxonMobil intends to increase investments in Azerbaijan
# 10 February 2012 12:56 (UTC +04:00)
Baku. Ali Ahmedov – APA-Economics. SOCAR President Rovnag Abdullayev received the delegation led by ExxoMobil Company Vice-President Philip Malholl.

According to APA-Economics, Abdullayev noted that, the preparation period on purchasing of Esso Schweiz GmbH by SOCAR in accordance with the contract with ExxonMobil was conducted successfully. In turn, Malholl noted that, his company can cooperate in new projects with experience, financial and technical opportunities.

ExxonMobil considers Azerbaijan one of priority countries for investing.

Abdullayev also noted that, new drilling device would be constructed for extension of exploration works.

ExxonMobil head adviser on international issues Stiven Mann also attended the meeting.
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