SOCAR President Attends St. Petersburg International Economic Forum

Source: www.gulfoilandgas.com 6/18/2016, Location: Asia

SOCAR President Rovnag Abdullayev attended the St. Petersburg International Economic Forum on June 16-18, 2016 and held a series of bilateral meetings within the framework of the Forum. A working meeting with Alexey Miller, Chairman of the Gazprom Management Committee, highlighted the prospects for expanding trading operations with gas, liquid hydrocarbons, and petrochemical products, as well as increasing gas supplies.

SOCAR and Gazprombank signed a cooperation agreement about the construction of nitrogen unit by Russia’s Cryogenmash for SOCAR Polymer’s Polypropylene and High-Density Polyethylene Plant.

A Memorandum of Understanding was signed between SOCAR, Gazprombank and the export credit and investment agencies EXIAR (Russia) and SACE (Italy) on financing and construction of gas chemical complex in Azerbaijan.

The document was signed in the presence of President Vladimir Putin of Russia and Prime Minister Matteo Renzi of Italy. Gazprombank will finance the project of SOCAR Gas Plastics Company, which opens new opportunities for Gazprombank Group of Companies to fund and supply Russian equipment abroad. According to preliminary estimates, the total investment budget of the project is $3.5 bn.

The potential volume of supply of Russian equipment and materials and the cost of construction and installation services of Russian contractors for the project will be up to 20% of the investment budget. Gazprombank estimated the large-scale projects carried out jointly with SOCAR as a good example of combining financial and technological capabilities of the Group.


France >>  6/21/2022 - Global Bioenergies has received its first order from Shell, to provide volumes of bio-isobutene derivatives for performance assessment.

...

Australia >>  6/20/2022 - The Australian Sustainable Aviation Fuel Partnership was signed by Qantas Group CEO Alan Joyce and Airbus CEO Guillaume Faury in Doha yesterday, ahead...

Finland >>  6/8/2022 - Auramarine Ltd, the leading fuel supply systems pioneer for the marine, process and power industries, has invested in the development of one of the in...
Belgium >>  6/7/2022 - Chevron Phillips Chemical (“CPChem”) announced plans to expand its polyalphaolefins (PAO) business with the construction of a new unit in Beringen, Be...

Egypt >>  6/6/2022 - Engineer Tarek El Molla, Minister of Petroleum and Mineral Resources, met with a number of petroleum industry leaders as part of the system of securin...
China >>  6/2/2022 - the Fuze Anna tanker, which was loaded with 35,000 tons of No. 92 motor gasoline from Daqing Petrochemical Company, slowly sailed out of Dalian New Po...

Related Categories: Agents, Anti-foaming  Aromatic Solvents  Butene  Cleaning  Corrosion Inhibiting  Crude Oil  Diesel Fuel  Ethylene  Fluids Drilling, Completion, Workover & Stimulation  Fluids/Chemicals  Fracturing Sand  Fuel oil  Gasoline (Lead free)  General  Grout  Jet fuel  Kerosene. Domestic use  Lubricants, Oils & Greases  Nitrogen  Oil Treating & Refining  Polyethylene  Polyvinyl chloride  Propane  Sand, Sandblast  Summer Diesel  Surfactants 

Related Articles: Aromatic Solvents  Butene  Cleaning  Corrosion Inhibiting  Crude Oil  Diesel Fuel  Ethylene  Fluids Drilling, Completion, Workover & Stimulation  Fluids/Chemicals  Fracturing Sand  Fuel oil  Gasoline (Lead free)  General  Jet fuel  Kerosene. Domestic use  Lubricants, Oils & Greases  Nitrogen  Oil Treating & Refining  Polyethylene  Polyvinyl chloride  Propane  Sand, Sandblast  Surfactants 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.