Siemens, a German company, intends to establish a joint venture with the State Oil Company of Azerbaijan to render services in oil production in the fields of the country, Samir Akhundov, a representative of Siemens in Azerbaijan, told Trend.
One of the directions of activities of the JV can be rehabilitation of inter-field pipelines for energy supply, installation of new pumps, and control and management system.
Siemens currently closely cooperates with the joint-stock company Azerenergy under the energy projects in Azerbaijan.