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Korea Wishes to Receive 20% Share in Azerbaijan’s Offshore Project

Oil&Gas Materials 15 August 2007 18:51 (UTC +04:00)

Azerbaijan, Baku /corr. Trend A.Badalova / The Minister of Industry and Energy of Azerbaijan, Natig Aliyev, discussed with the Ambassador of Korea to Azerbaijan, Lyu Kvang, the issues of cooperation between the two countries.

Discussions were held on acquisition of 20% shares in Azerbaijan's offshore project 'Inam' and organization of the meeting of the Azerbaijani-Korean Commission for Economic Cooperation on 27-29 August.

Natig Aliyev called on the Korean industrial companies to work in Azerbaijan and highlighted the necessity to devise a joint document of the two countries. In addition, the meeting covered the project on construction of Gobustan wind electric power station with the Korean STX Energy Co LTD. The project's opening ceremony was on 20 August 2007 at the Ministry of Industry and Energy of Azerbaijan.

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