Mexico, Azerbaijan to expand cooperation in oil and gas sector
By Rashid Shirinov
The Mexican Petroleum Institute intends to establish exchange of experience and technologies with oil companies operating in Azerbaijan, General Director of the Institute Ernesto Rios Patron said at a press conference in Baku on May 29.
“In general, Azerbaijan and Mexico have ample opportunities for expanding cooperation in the oil and gas sector. In particular, we intend to study Azerbaijan’s experience in the development of the Azeri-Chirag-Gunashli block of fields, and, to this end, we will meet with BP representatives on May 30,” he said.
Patron added that meetings with Total and SOCAR oil and gas companies are also planned, and the possibilities of mutual investment may also be discussed there.
He further noted the importance of the Southern Gas Corridor project: “This is a major project, which is very competently implemented, both economically and technically. It provides opportunities for establishing direct energy supplies from Asia to Europe.”
The Southern Gas Corridor is one of the priority energy projects for the European Union, which aims to diversify routes and sources of energy supplies and thereby improve the energy security of the EU.
The official opening ceremony of the Southern Gas Corridor was held in Sangachal terminal in Baku May 29. The cost of the project is over $40 billion.
Gas as part of the Shah Deniz 2 field development will be exported to Turkey and the European markets through the expansion of the South Caucasus gas pipeline and the construction of the TANAP and TAP gas pipelines.
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Rashid Shirinov is AzerNews’ staff journalist, follow him on Twitter: @RashidShirinov
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