UK Delegation Visits SOCAR

An official opening ceremony of the visit program of the delegation comprised of representatives of more than 25 companies operating in various sectors of oil and gas industry led by UK Special Trade Envoy for Azerbaijan Baroness Emma Nicholson was held in the administrative building of SOCAR.

The main purpose of the visit, to run from November 29 to December 1, is to identify the prospects of cooperation between the UK companies and local companies operating in the oil and gas industry and further development of cooperation.

During the official part of the event Baroness Nicholson, Vice President on Geology and Geophysics at SOCAR Bahram Huseynov, and Vice President of BP-Azerbaijan Joe Murphy spoke about the history of cooperation between the two countries, current and future projects, and answered questions of local and British companies who attended the event.

Afterwards, the attendees watched a business presentation on the changes made to the legislation on the initiative of SOCAR for the development of the local business environment in recent years, business environment in Azerbaijan, the growth rate of macroeconomic indicators, oil and gas industry, current and future projects, and optimisation of resources management. The representatives of the UK Department for International Trade informed on the program objectives and the project being implemented.

In the upcoming days, guests will continue to visit enterprises established in Azerbaijan with participation of international companies.