SOCAR, Rosneft to work together offshore Russia, Azerbaijan

Offshore staff

MOSCOWRosneft and Azerbaijan’s state oil company SOCAR have signed a cooperation agreement.

The two companies will collaborate in upstream oil and gas projects in various countries, including Russia and Azerbaijan. They will additionally jointly operate certain pipelines and terminals.

Rosneft President Igor Sechin and SOCAR President Rovnag Abdullayev said the agreement would allow the two parties to broaden geographical reach, access new markets and resources, and optimize crude oil and petroleum product supplies through use of existing infrastructure.


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...