SOCAR, KBR to set up engineering JV in Azerbaijan
Baku, Azerbaijan, March 29
By Maksim Tsurkov - Trend:
KBR, a global technology, engineering, procurement and construction company has signed a joint venture agreement with the State Oil Company of Azerbaijan Republic (SOCAR) to set up a new engineering and support services company in Azerbaijan, Tradearabia.com. reported.
With support from KBR and SOCAR, the new company will provide design, engineering, technical, procurement, construction supervision and project management service for projects across the upstream, midstream and downstream oil and gas sectors, primarily in the Republic of Azerbaijan.
The JV company, which will come up in Baku city, will also prepare technical requirements for all stages of a project, including project management, contract supervision, planning and cost control.
Additionally, it will train and develop the local workforce and supervise contractors throughout all stages of a project -- from startup through construction and into performance testing.
Commenting on the deal, Stuart Bradie, the president and CEO, said KBR was proud to continue its successful history in Azerbaijan.
KBR, he stated, has been working on various projects in Azerbaijan since 1994, achieving more than 17 million man-hours.
"This joint agreement represents KBR's ability to bring consistent and valuable training and educational programs to the region. We look forward to mobilizing our expertise, systems and procedures to support SOCAR's success with these new projects," he stated.
"We are confident that this strong JV will help to realize our ambition to create a world class
Azerbaijan-based engineering company," SOCAR president Rovnag Abdullayev said.
KBR, Inc. is one of the leading suppliers of the US Army and the Department of Defense. Is a subsidiary of Halliburton. A controlling stake was acquired in 1962. The company's headquarters is located in Houston.
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