Petronas Company Signed Addendum to Memorandum with SOCAR

Source: www.gulfoilandgas.com 9/3/2015, Location: Asia

SOCAR President Rovnag Abdullayev received a delegation led by Datuk Wan Zulkiflee Wan Ariffin, President and CEO of Malaysian Petronas. Expressing gratitude for sincere welcome, Datuk Wan Zulkiflee Wan Ariffin stated Azerbaijan was a favorable place for investments and noted the importance of cooperation of his company with SOCAR.

The purchase of Statoil’s share in Shah Deniz by Petronas was also mentioned during the meeting. Rovnag Abdullayev informed the delegation on the process of implementing Shah Deniz and Southern Gas Corridor projects. He noted that the works on the second phase development of Shah Deniz field and construction of pipelines proceed by the schedule. Both parties have expressed confidence that Turkey would be able to transport gas via its territory in 2018.

The Petronas President Datuk Wan Zulkiflee Wan Ariffin introduced the delegation members to SOCAR management and expressed interest in the further expansion of ties between the companies. Rovnag Abdullayev, in turn, noted that Azerbaijan had a great potential in cooperation in oil and gas sector and ensured security of investments in our country.

At the end of the meeting, SOCAR and Petronas signed an Addendum to The Memorandum of Mutual Understanding. The memorandum was signed by SOCAR President Rovnag Abdullayev and President and CEO of Malaysian Petronas Datuk Wan Zulkiflee Wan Ariffin.


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