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SOCAR, Equinor establishing new joint venture in Azerbaijan

Oil&Gas Materials 11 August 2020 12:29 (UTC +04:00)
SOCAR, Equinor establishing new joint venture in Azerbaijan

BAKU, Azerbaijan, Aug. 11

By Nargiz Ismayilova - Trend:

SOCAR and Equinor are in the process of establishing a joint venture, CEO of Karabakh Operating Company Tahir Dadashov said, Trend reports.

Dadashov made the announcement during a press tour at Baku Deep Water Jackets Plant.

CEO noted that the new venture has already been registered abroad, and its branch is to be opened in Azerbaijan.

"The process will be completed in the coming days or weeks. After that, the united team of the joint operating company will fulfill combined obligations," he said.

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