Bank Of Baku

SOCAR establishes joint enterprise with German Uniper

SOCAR establishes joint enterprise with German Uniper
# 25 May 2016 10:36 (UTC +04:00)

APA-Economics reports SOCAR has 51%, Uniper 49% share in the LLC.

 

Moreover, an initial project agreement has been signed on construction of Steam Turbo-Generator machine. The machine aims to increase energy effectiveness of Steam Generator Complex of Azerkimya PU’s Ethylene-Polyethylene plant and produce additional energy.

 

The agreements were signed by SOCAR President Rovnag Abdullayev and Uniper President Klaus Schäfer.

 

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