By Fatma Babayeva
Malaysian oil and gas company Petronas is interested in further expanding ties with Azerbaijan’s state-owned energy company SOCAR.
The remarks were made during the meeting between SOCAR President Rovnag Abdullayev and Datuk Wan Zulkiflee Wan Ariffin, CEO of Petronas on June 20.
Abdullayev spoke about the long-term effective cooperation between SOCAR and Petronas by emphasizing the success achieved in the jointly implemented projects. He noted that the two companies continue to boost cooperation, SOCAR reported.
In his turn, CEO of Petronas stressed that his company is proud of participating in the international large-scale projects in Azerbaijan.
These projects are important for Malaysia and Petronas, said Ariffin by underlining his company’s successful participation in the Shah Deniz 2 project.
He went on saying that there is a favorable and safe investment environment in Azerbaijan and large opportunities to enlarge cooperation in the country’s energy sector.
The works on the development of Shah Deniz Phase 2 continue in accordance with the schedule, said Abdullayev by adding that in order to finalize the project on time and with good quality, all parties work as a team.
Overall, the Southern Gas Corridor (SGC) is implemented successfully, said Abdullayev by reminding that the first gas delivery to Turkey will be realized in 2018.
Shah Deniz 2 is the main gas source for SGC – a gas pipeline network which envisages transporting the Caspian gas to the European market.
In Azerbaijan, Petronas owns 15.5 percent stake in the project on the development of Shah Deniz gas and condensate field, 15.5 percent stake in the South Caucasus Gas pipeline and 12.4 percent in the Azerbaijan Gas Supply Company (AGSC).
Petronas, established in 1974, conducts business in 35 countries. Currently, Petronas ensures about 40% of incomes in the country. The company has turned into an internationally recognizable symbol for the country.
Fatma Babayeva is AzerNews’ staff journalist, follow her on Twitter: @Fatma_Babayeva
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