Baku, Azerbaijan, May 4
By Maksim Tsurkov - Trend:
Saudi Aramco, the national oil company of Saudi Arabia, is interested in participation in projects in Azerbaijan and joint participation in projects in other countries in exploration, production and processing of hydrocarbons, Azerbaijan’s Energy Minister Parviz Shahbazov said in an interview with Trend.
The minister said the decision to open a regional office of Saudi Aramco in Baku was announced during meetings with minister of energy, industry and natural resources of Saudi Arabia Khalid Abdulaziz Al-Falih and Director General of Saudi Aramco Amin H. Nasser as part of Shahbazov’s visit to Saudi Arabia.
“Cooperation with Saudi Aramco, which has big experience in exploration, production, processing and transportation of hydrocarbons, will open up the way for innovations in the production and processing sector in Azerbaijan,” Shahbazov said.
The European subsidiary of Saudi Aramco, Aramco Overseas, passed registration in Azerbaijan in March 2018. Its authorized capital is 10,000 euros and its official representative in Azerbaijan is the President of Aramco Overseas Talal al-Mari.
Saudi Aramco is the biggest oil company in the world in terms of oil production and oil reserves.
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