Azerbaijan, Baku, April 10 /Trend A.Akhundov/
Foster Wheeler plans to expand its activities in Azerbaijan, CEO of the Foster Wheeler Italiana Group, Marco Moresko said during a forum dedicated to the creation of a new complex for oil and gas processing and production of petrochemical products in Azerbaijan in Baku on Tuesday.
"Together with the State Oil Company of Azerbaijan (SOCAR), the company is focused on ensuring a long term partnership in improving the engineering potential and level of training of local personnel. The joint venture will actively participate in the training of Azerbaijani engineers both locally and in Milan," Moresko said.
It will be possible to create a separate world class engineering company on the basis of these personnel, Moresko added.
The JV SOCAR and Foster Wheeler partnership has been created to oversee the construction project at the Azerbaijan complex of oil and gas processing and production of petrochemical products. It was established on the basis of the Italian division of the Institute, and Foster Wheeler Neftgaztyadgigatlayihya.
The purpose of the joint venture with Foster Wheeler which is part of the world's top three engineering design firms is to increase the skills level of Azerbaijani specialists.
"The number of employees in joint ventures will increase to 300 by 2015 and by that time will be represented only by local staff," Moresko said.
According to the president and CEO of Honeywell (the world leader in automation) Rajiv Gautam, also speaking at the forum, the company intends to actively work in Azerbaijan.
"We plan to increase the number and scope of our projects in Azerbaijan," Gautam said.