Socar, Statoil Confident in Further Development of Joint Gas Projects, Azerbaijan

Socar, Statoil Confident in Further Development of Joint Gas Projects, Azerbaijan

SOCAR President Rovnag Abdullayev met with Statoil delegation. They talked about energy projects carried out in Azerbaijan and expressed confidence in successful development of joint oil and gas projects.

Welcoming the guests, Mr. Abdullayev emphasized that SOCAR and Statoil have a longstanding useful cooperation.

Statoil delegation was led by executive vice presidents Lars Christian Bacher and Eldar Saetre.

Talking about the energy projects carried out in the country, SOCAR President said Azerbaijan supported South Corridor project that considers transportation of Caspian natural gas to Europe and Azerbaijani experts review all possible routes within the framework of extension of diversification opportunities.

He informed the guests about the work on phases I and II of Shahdeniz field exploration.

Statoil executive vice president Lars Christian Bacher said the company he represents continues its activity in Azerbaijan in high level and thanked for that. He expressed confidence in successful development of joint oil and gas projects and Azerbaijan’s further contribution to supply of hydrocarbon resources to European consumers.

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LNG World News Staff, October 12, 2012; Image: Socar