SOCAR, Suez Group may create JV next year
BAKU, Azerbaijan, Dec.6
By Leman Zeynalova – Trend:
French Suez Group and Azerbaijan’s state oil company SOCAR may create a joint venture next year, Suez Group told Trend.
“We could sign the Memorandum of Understanding with SOCAR, with the intention to create a joint venture next year. Activities which could be developed are related to the supply of chemicals needed for industrial water treatment, water and wastewater treatment, as well as participation in depollution projects,” said the company.
SUEZ Group operates on five continents, on which the company harnesses all its desire for innovation to achieve an efficient and sustainable management of resources throughout the world. The company supports its customers as they change from a linear model, which over consumes resources, to a circular model, aiming to recycle and recover them for future use.
SOCAR is involved in exploring oil and gas fields, producing, processing, and transporting oil, gas, and gas condensate, marketing petroleum and petrochemical products in domestic and international markets, and supplying natural gas to industry and the public in Azerbaijan. Three production divisions, one oil refineries and one gas processing plant, a deep water platform fabrication yard, two trusts, one institution, and 23 subdivisions are operating as corporate entities under SOCAR.
SOCAR conducts various petroleum activities in countries such as Georgia, Turkey, Romania, Switzerland, Germany and Ukraine, including trading activities, mainly in Switzerland, Singapore and Nigeria.
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