Siemens plans to ink long-term agreements with Azerbaijani energy companies

Oil&Gas Materials 7 December 2018 10:06 (UTC +04:00)

Baku, Azerbaijan, Dec.7

By Leman Zeynalova – Trend:

Siemens AG of Germany plans to ink long-term agreements with Azerbaijan’s state oil company SOCAR in coming years, the company told Trend.

“Long-term agreements with the big local customers SOCAR and Azerenergy, as well as with the multinational oil and gas company BP are planned for the coming years,” said the company.

Moreover, Siemens said it intends to take part in the renovation projects like substations AZIES (330kV), ABSHERON (550/330/220kV) and new substation 330/220/110kV SULU TEPE.

“The history of Siemens in Azerbaijan goes back more than 150 years. Today Siemens is focusing on the areas of electrification, automation and digitalization. The stable economic growth as well as the reforms in the economic sector during the past years led to a considerable increase of our business in Azerbaijan, especially for product business and solution projects,” said the German company.

Siemens said it realized together with local EPCs high-voltage substations like 110/35/10kV substation Polymer and a lot of other power supply stations for techno- and agricultural parks.

Siemens is a global powerhouse positioned along the electrification value chain – from power generation, transmission and distribution to smart grid solutions and the efficient application of electrical energy – as well as in the areas of medical imaging and laboratory diagnostics.

Today, Siemens has around 377,000 employees in more than 200 countries/regions. It operates in production and manufacturing plants worldwide.

In addition, the company has office buildings, warehouses, research and development facilities or sales offices in almost every country/region in the world.


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