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US ambassador cites SOCAR's role in energy sector development

3 October 2012 12:04 (UTC+04:00)
US ambassador cites SOCAR's role in energy sector development

Azerbaijani state oil company SOCAR has an important role in the development of oil and gas sector, U.S. Ambassador Richard Morningstar said at a meeting in Baku with SOCAR President Rovnag Abdullayev on Tuesday.

Abdullayev noted that Morningstar is an experienced diplomat who knows a lot about energy issues and is closely familiar with the situation in the region.

Morningstar said that the scope of activities of SOCAR is expanding and the company is strengthening its position in the global market.

Abdullayev stressed innovations in the oil and gas sector, and also noted that the U.S. has always provided great support to regional and global scale projects.

The SOCAR president said that Azerbaijan can play a big role in the energy security of Europe and informed Morningstar about the progress in the implementation of the South Gas Corridor project.

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