Caspian Energy - SOCAR establishes two companies
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August 2018
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Tuesday, 15 May 2018 16:00

SOCAR establishes two companies

SOCAR establishes two companies

SOCAR Absheron and SOCAR Karabakh have been registered at the Azerbaijani market,  Caspian Energy News (www.caspianenergy.net ) reports with reference to marja.az.

SOCAR Absheron was established by SOCAR and the French company Total to implement a project on development of Absheron gas-condensate field in the Caspian. SOCAR Karabakh was established by SOCAR and Norwegian Statoil to develop offshore oil-gas field Karabakh.

The branches have been registered at the following address: 121 Heydar Aliyev Avenue, Narimanov district, Baku. Head of SOCAR Department for Investments Vagif Aliyev is an official representative of branches.

Production drilling will start at Absheron in summer 2018. The first gas volumes from this field are expected in 2019-2020.

More details:  http://marja.az/news/24749?title=socar-in-birge-tesis-etdiyi-2-sirketin-azerbaycanda-filiallari-yaradilib

 Person in charge of the newsline: Fidan Isayeva

 

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