President of SOCAR meets with President of J. Ray McDermott

Oil&Gas Materials 5 December 2006 13:18 (UTC +04:00)

The President of the State Oil Company of Azerbaijan (SOCAR), Rovnag Abdullayev, met with a delegation headed by the President of J. Ray McDermott Company, Robert Dioson, Trend reports.

SOCAR stated that during the meeting, SOCAR and McDermott signed a contract on the construction of subsea gas pipelines. The SOCAR President said that this was the first contract of its kind, signed with the US company. He noted the importance that Azerbaijan attaches to the upgrade of the Gurban Abbasov vessel.

Dison commented upon the Company's strong intention to expand its co-operation further with SOCAR. With respect to the upgrade of Gurban Abbasov vessel, the President of the U.S. company noted that the budget of the project has been confirmed and necessary funds were being allocated.

The meeting also focused on the increase of the number of Azerbaijani citizens in the management of the company and the attraction of Azerbaijani specialists to work outside of Azerbaijan.