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Foster Wheeler offers SOCAR to create JV

Oil&Gas Materials 16 June 2011 14:20 (UTC +04:00)
Foster Wheeler AG, the world-famous company in the sphere of design, construction, and equipment supply for power plants intends to participate in projects implemented by the State Oil Company of Azerbaijan (SOCAR), SOCAR said on Tuesday.
Foster Wheeler offers SOCAR to create JV

Azerbaijan, Baku, June 16/ Trend /

Foster Wheeler AG, the world-famous company in the sphere of design, construction, and equipment supply for power plants intends to participate in projects implemented by the State Oil Company of Azerbaijan (SOCAR), SOCAR said on Tuesday.

According to SOCAR, Foster Wheeler AG President and Chief Operating Officer Umberto della Sala expressed his desire to create a joint venture with SOCAR to render broad engineering services during a meeting held in Baku on Tuesday between the company's representatives and the SOCAR delegation, headed by President Rovnag Abdullayev.

During the meeting, in speaking about his willingness to cooperate, Abdullayev stressed that at present SOCAR is balancing the Research and Design Institute, which the company intends to turn into a world level centers.

Abdullaev also said that Foster Wheeler AG's proposal to create a joint venture will be considered by experts and expressed confidence that opportunities for cooperation will be expanded in the coming years.

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