Italy’s Saipem pursuing new opportunities in Azerbaijan

Baku, Azerbaijan, July 19

By Leman Zeynalova – Trend:

Italian Saipem oil and gas company is pursuing new opportunities in Azerbaijan, the company said in its statement for Trend following the Azerbaijan-Italy business forum held in Baku.

“In continuous cooperation with our partner Bos Shelf we are pursuing new opportunities in the country such as the development of the Absheron Project, now in bid phase,” said the company.

“Saipem and Azerbaijan have had a long and successful history of cooperation, in large part thanks to the open and constructive approach of the national institutions of both countries.

“We have been continuously present in Azerbaijan, which today has become a key country of operations for Saipem.

“In addition to our work on the Shah Deniz upstream development, we are also active along the whole value chain to bring Azerbaijani gas into Europe.

“We are involved in the construction and commissioning of the South Caucasus Pipeline Expansion project in Azerbaijan and Georgia, the SCPX project, and we have been awarded the contract for the installation of the offshore section of the TAP pipeline between the coastlines of Albania and Italy, crossing the Adriatic Sea.

“We are proud to be able to contribute to delivering the overall development of the Southern Gas Corridor, linking Azerbaijani resources to their natural consumer market, and supporting the EU and Italy’s strategy of diversifying natural gas import sources.

Saipem is also working with SOCAR outside Azerbaijan: in consortium with Técnicas Reunidas from Spain, GS Engineering & Construction from South Korea, and Itochu from Japan, Saipem has been awarded a contract by SOCAR Turkey Enerji A.Ş. for for the SOCAR Turkey Aegean Refinery (STAR) in Aliaga.

“In Azerbaijan, we contribute to value creation mainly through our input into the local economy by purchasing products and services from local suppliers, paying local taxes, employing Azerbaijani people and contributing to their development through training and capacity building initiatives”.

“In Azerbaijan we have a history, we have a present and we greatly count on the future of our company in the country,” said Stefano Cao, CEO of Saipem, on the sidelines of the business forum.

---

Follow the author on Twitter: @Lyaman_Zeyn

Baku International Sea Trade Port expanding co-op with in Netherlands
Baku International Sea Trade Port expanding co-op with in Netherlands
Kazakh airlines launch new flight to Uzbekistan
Kazakh airlines launch new flight to Uzbekistan
Investment in development of Chabahar Port continues
Investment in development of Chabahar Port continues
Loading Bars
Latest
Liberated Azerbaijani lands have great potential in winemaking
Azerbaijan may apply quarantine measures if COVID-19 infections continue to increase
UK watchdog looks to 'open banking' apps to help boost competition
Georgian mobile operators see decrease in total revenues for 2020
Georgia plans to build hanger in Telavi airport for private jets
Chevron to buy out Noble Midstream in all-stock $1.32 billion deal
Azerbaijani State Security Service shares grief of death of Turkish servicemen
Azerbaijan eyes to start employment promotion activities in liberated areas
Armenia once again demonstrates that it is far from sound thinking - Azerbaijani Foreign Ministry
Initiated by Mehriban Aliyeva, Heydar Aliyev Foundation makes new contribution to protection of world and religious heritage in Vatican (PHOTO)
Azerbaijan's MoD shares footage from Aghdam's Taghybayli village (VIDEO)
Kazakhstan offers Uzbekistan to consider launching production of Kazakh COVID-19 vaccine
Mehriban Aliyeva appointed as first deputy chairperson of New Azerbaijan Party
First website of sign language dictionary to be developed in Azerbaijan
Trans-Caspian Fiber Optic Cable Project discussed at “Kazakhstan-Azerbaijan: New Opportunities for Cooperation” event (PHOTO)
Turkey’s activity on Turkmenistan’s state commodity exchange in Feb. 2021
Iranian parliament approves increase of salaries
Baku International Sea Trade Port expanding co-op with in Netherlands
Azerbaijan's internet provider eyes to expand coverage of communication services
Trade takes up largest share in total turnover of Georgia's business sector
Volume of Azerbaijani Depository Center's Feb. 2021 bond payments revealed
Volume of business sector turnover up in Georgia
Italian companies eye returning to Iranian energy market
Azercell reveals the “Victory Year”s results
Main share of industrial production volume in Baku accounts for extractive sector
Azerbaijan records decrease in Jan. 2021 population's bank deposits
Five impressive facts about OPEC+ meeting
Total amount of transactions on Turkmen state commodity exchange for Feb. 2021
Kazakhstan to hold auctions for selection of flexible generation projects
Azerbaijan's police officers find munitions in liberated Shusha (PHOTO)
Iran reveals COVID-19 data for March 5
Reliability of Azerbaijani data center confirmed by int’l certification institute
Iran receives third batch of Sputnik V vaccine
Iran's Energy Exchange announces products to be on sale on March 6
Azerbaijan confirms 175 more COVID-19 recoveries
Kazakh Kazatomprom to hold additional auction on its solar energy assets
Turkmenistan considers promoting expansion of partnership opportunities within ECO
Hungary eyes increasing medicines supply to Uzbekistan
Azerbaijani PM expresses condolences to Turkish VP over helicopter crash
Azerbaijan's Minister of Economy highlights country's progress in terms of economic freedom
Australia resumes postal communication with Turkmenistan
Azerbaijan holds auction for public property facilities
Volkswagen core brand to accelerate electric vehicle shift
Kazakh airlines launch new flight to Uzbekistan
Uzbekneftegaz, Gazprombank co-op to increase hydrocarbon production
Investment in development of Chabahar Port continues
Britain starts formal countdown in 'final chapter' of Libor
Volume of food products sold in trade network of Azerbaijan’s Baku city increases
Maritime India Summit-2021 celebrates ‘Chabahar Day’
Egyptair to replace Sinai Air on Tel Aviv - Cairo route
US experts visit war-torn areas of Azerbaijan's Tartar (PHOTOS)
Three possible scenarios on economic dev't regarding COVID-19 crisis in Georgia
Kazakhstan reports increase in overall 2020 trade with Greece
Precious metal prices in Azerbaijan down
Small solar photovoltaic station launched in Uzbekistan’s Tashkent region
Kazakh National Bank shares data on money transfers via payment systems for 2020
Azerbaijan's Internet provider increases contribution to country's educational sphere
PASHA Bank talks possible development of 'neo-banks', information security in Azerbaijan
SOCAR becomes main supplier of Lithuanian gasoline to Ukraine
Azerbaijan to study underground water resources through satellite images
Kazakhstan discloses target volume of electricity generation for 2021
Fidelity Investments Inc acquires shares of Bank of Georgia
Deposits dev’t of Turkmenistan’s Uzynada field to increase oil, gas condensate production
Kazakhstan's only lowcoster launching direct flights to Turkey
Azerbaijan names amount of compensations paid to closed banks' depositors
Georgia reports 390 new COVID-19 cases for March 5
Russia documents 11,024 COVID-19 cases in 24 hours
Turkmenistan plans to drill new wells at North Goturdepe field
Public catering turnover for January 2021 in Baku drops
Kazakhstan to commission several new petrochemical plants
Kazakhstan preparing concept for further Kashagan field dev't
Uniper increases natural gas sales
Uniper sees €160 million increase in adjusted net income y-o-y
International Fund for Agricultural Development helping Georgia modernize agriculture sector
Uzkimyosanoat, Shell talk modernization of Uzbekistan’s chemical enterprises
Kazakhstan’s Almaty Power Stations JSC opens tender for electrical work services
Kazakhstan boosts trade turnover with China in 2020
President Ilham Aliyev delivers speech at congress of ruling party (PHOTO)
With OPEC+ restraint in place during April, upward pressure on prices to continue
President Aliyev sends condolences to President Erdogan regarding helicopter crash
Uzbekistan, Belarus agree on increasing permits for road transport of goods for 2021
Rosselkhoznadzor allows number of Uzbek companies to import tomatoes to Russia
Saipem to take part in green hydrogen hub creation in Italy
Kazakhstan announces 2021 oil production plans
Average monthly salary in Baku in 2020 grows
Azerbaijan shares footage from Fuzuli's Yukhary Rafadinli village (VIDEO)
US congressman Steve Cohen issues statement on Khojaly tragedy's anniversary
Kazakhstan to start partial sales of petroleum products through commodity exchanges
Turkmenistan defines tasks for "Single Window for export-import operations"
Kazakhstan to increase oil extraction volumes within OPEC+ agreement
Kazakhstan’s KazTransOil opens tender for wells servicing
Azerbaijan's Aghdam - now huge field of ruins, BBC report says (VIDEO)
Southern Gas Corridor CJSC's needs for cash in 2021 to be fully covered by proceeds from projects
Azerbaijani currency rates for March 5
Uzbek chemical production company to buy technological equipment via tender
Azerbaijani oil prices on the rise
Creator of Tukish 'Bayraktar' UAV talks General, who died in helicopter crash
Uzbekistan reveals its COVID-19 data for March 5
Ceyhan terminal transships over 36 million tons of ACG oil since early 2021
Oil prices surge as OPEC+ extends output cuts into April
All news