Joint venture of SOCAR and Foster Wheeler is ready to participate in oil and gas projects in Azerbaijan

Joint venture of SOCAR and Foster Wheeler is ready to participate in oil and gas projects in Azerbaijan

Azerbaijan, Baku, April 11 /Trend E.Ismayilov/

The joint venture established by State Oil Company of Azerbaijan (SOCAR) and Foster Wheeler is ready to participate in oil and gas projects in Azerbaijan. the Chief Operating Officer and President of Foster Wheeler Umberto della Sala said in Baku during a reception in the frame of the forum on the establishment of a new complex for oil and gas processing and production of petrochemical products in Azerbaijan (OGPC).

Umberto della Sala said the process of creating a joint venture is fully completed and the company is ready to begin its work.

He noted the high level of organization of this forum during his speech.

JV with State Oil Company of Azerbaijan (SOCAR) is focused on ensuring a long term partnership in improving the engineering potential and level of training of local personnel, CEO Foster Wheeler Italiana Group Marco Moresko said earlier

"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.

The Forum aims to provide information on the Project to a wide range of companies, including potential licensors, engineering, supply, construction and other contractors, process consultants, world's leading refining and petrochemical equipment manufacturers, as well as financial institutions, legal experts, environmental consultants, buyers of petroleum and petrochemical products, service companies, etc.

Alongside providing information on the Project, the Forum offers a unique chance for leading international companies to present, at a high-official level, their experience, technology, resources and innovative solutions in the refining, gas processing and petrochemical sectors.

Electricity generation of Iran's hydroelectric power plants to decline
Electricity generation of Iran's hydroelectric power plants to decline
Iran's shares data on sale of public assets
Iran's shares data on sale of public assets
Iran expects revival of JCPOA in short term
Iran expects revival of JCPOA in short term
Loading Bars
Latest
Electricity generation of Iran's hydroelectric power plants to decline
Azerbaijan's 1Q2021 polyethylene production slightly down
Russian Railways to build high-speed railway entries to Moscow, St. Petersburg by 2024
UAE central bank extends some stimulus measures until mid-2022
President Aliyev gives interview to Azerbaijan Television
Important to observe int’l law to avoid such conflicts as Karabakh one in future - Chancellor of Germany
UK eases post-Brexit controls on vehicles taking goods to the EU
PayPal's Venmo launches crypto buying and selling
Iran's shares data on sale of public assets
Azerbaijani president attends opening ceremony of Azersun Shamakhi Agropark in Hajigabul
Iran expects revival of JCPOA in short term
Liabilities of International Bank of Azerbaijan increase
Sinovac supplied 260 mln COVID-19 vaccine doses globally
Azerbaijan names number of foreign visitors in 1Q2021
Elbit Systems awarded $41m US Marines night vision deal
Price of wheat purchased from farmers in Iran increases
President Ilham Aliyev launches 110/35/10 Kv “Garasu” substation in Hajiqabul
Baku-Tbilisi-Ceyhan’s oil transportation to Turkey down y-o-y
Kazakh oilfield construction company opens tender to buy pipes
SOCAR sums up Kulevi oil terminal’s Q1 2020 performance
Total assets of International Bank of Azerbaijan increase
Iran declares value of exports from cooperative enterprises in Razavi Khorasan Province
Uzbekistan plans introducing charter flights to popular destinations
Companies from Russia’s Smolensk begin to export products to Azerbaijan
Iran reveals COVID-19 data for April 20
Amount of registered Iranian companies in Turkey down
Khazar Consortium in Turkmenistan opens tender for equipment purchase
Azerbaijani banks' foreign currency demand disclosed
Border checkpoint between Iran, Pakistan to be opened
SOCAR’s petrochemical complex to significantly increase sales – Yapi Kredi
French EDF eyes building pumped-storage power plant in Uzbekistan
Turkmenistan's Turkmenhimiya extends tender for turnkey plant construction
Major Iranian companies boost iron ore pellets production
India hopeful US will soon end curbs on Covid vaccine raw materials export
BRO upgrades crucial 110 feet long bridge on India's Leh-Sarchu Road in 8 days
73,600 Covid vaccination centres operational in India on Monday, highest till date
J&J Seeks India's Permission For Phase 3 Trial Of 1-Shot Vaccine: Report
IAF chief RKS Bhadauria visits France as Rafale deliveries gain pace
Covid-19 vaccines for all adults in India from May 1, says Centre
Solar panel stations launched in Iran
Azerbaijan sees surge in 1Q2021 manufacturing of tobacco products
Kazakhstan boosts trade turnover volume with Austria
Yapi Kredi reveals forecasts for SOCAR’s Petkim
EAM Jaishankar speaks to US Secretary of State, exchanges views on Covid, UNSC agenda
Iran sees increase in car manufacturing
Azerbaijan issues data on 1Q2021 oil exports to India
President Ilham Aliyev attends presentation of agropark owned by Agro Dairy LLC in Hajigabul
Israel logs Indian COVID-19 variant, sees some vaccine efficacy against it
Turkey discloses info on cargo movement via Cesme port for 2M2021
President Ilham Aliyev watches sowing process in farmer Elshan Khalilov’s cotton field
Germany raises import of Turkish-made furniture
Several facilities put into operation in Iran’s Parand New City
President Ilham Aliyev opens Hajigabul-Mughan highway after renovation
Turkmenistan continues industrial production during pandemic
Guaranteed wheat purchasing in Iran continues
Loans for Azerbaijani real estate sector continues to grow
Uzbekistan, ACWA Power talk construction of wind power plants in Karakalpakstan
Israeli journalists continue visiting Azerbaijan's liberated lands (PHOTO)
Uzbekistan starts export of legumes for French Bonduelle
Iran shares details of trade turnover with Caspian Sea countries
Uzbekistan reveals GDP growth for 1Q2021
Georgian economy to resume growth this year - IMF
President Ilham Aliyev attends inauguration of Hajigabul Industrial Estate
President Ilham Aliyev arrives in Hajigabul district for visit (PHOTO)
Iran’s IMIDRO discloses amount of money saved by its subsidiaries
Georgia sees increase in coronavirus cases
Turkey shares 2M2021 data on cargo shipment via Izmir port
Kazakhstan lowers import of grain, legumes from Turkey
Turkish companies preparing road construction project from mainland Azerbaijan to Nakhchivan
Dubai Aerospace orders 15 Boeing 737 MAX jets
Petrofac Group’s revenues down by 26% in 2020
Turkmen Dayhanbank introduces new type of loan
Turkey's clothing export to Turkmenistan doubles in value
Iran's Minister of Healthcare discusses ongoing vaccination
Kazakhstan’s 2021 export value forecast to increase y-o-y
Prices for silver, platinum in Azerbaijan increase
Iran rejects reaching interim agreement with US in Vienna
Iran's Amirabad port play strategic role in International North-South Transport Corridor
Petrofac sees 10% fall in IES production
Over half of Azerbaijan's 1Q2021 oil exports falls on Italy
Value of Kazakhstan's chemical imports from Turkey up
Weekly review of Georgian's capital markets (April 12 through April 16)
Turkey shares 2M2021data on volume of cargo shipment through Samsun port
Kazakhstan to implement numerous agriculture projects for rural dev't
Turkmenistan restores online sale of railway tickets
Azerbaijani oil prices continue to rise
Azerbaijani Internet provider eyes to upgrade its services
Economic growth forecast for Kazakhstan in 2021 revised up
MOL Group discloses revenues from ACG
Hungarian MOL Group reveals sales from Azeri-Chirag-Gunashli
Kazakhstan's coal extracting venture opens tender to buy specialized vehicles
Uzbek-Chinese JV to buy engine oil via tender
Azerbaijani currency rates for Apr.20
MOL Group details intangible assets in Azerbaijan
Uzbek-Chinese JV to buy spares for gas generators via tender
Turkmenistan to organize two charter flights from Russia
Uzbekistan reveals COVID-19 data for April 20
Iranian currency rates for April 20
Armenia using radioactive substances threatens regional security, says Azerbaijani MP
SOCAR keen on fast decision for Karabagh field’s development
All news