Finland’s engineering group Wartsila to expand ops in Azerbaijan
Finnish engineering group Wartsila intends to expand its operations
in Azerbaijan, its Vice President, Christoph Vitzthum, said in Baku
Wednesday.
He said while presenting Wartsila’s cutting-edge technology that the company was greatly interested in the resource-rich South Caucasus republic’s oil and gas sector. Wartsila is also considering electric power generation and shipbuilding in Azerbaijan.
Deputy Minister of Industry and Energy, Natig Abbasov, said Azerbaijan was attaching great importance to the introduction of advanced technologies, noting that it was the reason the Finnish company was holding a relevant presentation in Baku.
The deputy minister emphasized that a third of the world’s vessels operate on Wartsila-made engines.
Azerbaijan is one of Wartsila’s key partners in the Caspian region. The company is mainly engaged in the domestic oil and gas industry, generating electric power and naval shipments. It has been operating in Azerbaijan for ten years and employs 90 people in the country. Wartsila has successfully implemented projects on launching module-type power plants and presently runs seven power stations in Azerbaijan. Wartsila’s equipment has also been used in the Baku-Tbilisi-Ceyhan (BTC) pipeline project, which transports Azerbaijan’s crude to world markets.
WARTSILA has 160 subsidiaries in 70 countries around the world. The company, which employs 18,000 people, posted net sales amounting to 5.3 billion euros in 2009.*
He said while presenting Wartsila’s cutting-edge technology that the company was greatly interested in the resource-rich South Caucasus republic’s oil and gas sector. Wartsila is also considering electric power generation and shipbuilding in Azerbaijan.
Deputy Minister of Industry and Energy, Natig Abbasov, said Azerbaijan was attaching great importance to the introduction of advanced technologies, noting that it was the reason the Finnish company was holding a relevant presentation in Baku.
The deputy minister emphasized that a third of the world’s vessels operate on Wartsila-made engines.
Azerbaijan is one of Wartsila’s key partners in the Caspian region. The company is mainly engaged in the domestic oil and gas industry, generating electric power and naval shipments. It has been operating in Azerbaijan for ten years and employs 90 people in the country. Wartsila has successfully implemented projects on launching module-type power plants and presently runs seven power stations in Azerbaijan. Wartsila’s equipment has also been used in the Baku-Tbilisi-Ceyhan (BTC) pipeline project, which transports Azerbaijan’s crude to world markets.
WARTSILA has 160 subsidiaries in 70 countries around the world. The company, which employs 18,000 people, posted net sales amounting to 5.3 billion euros in 2009.*
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