MEDEF president: French companies interested in co-op with Azerbaijan (PHOTO)


Baku, Azerbaijan, July 11

By Sara Israfilbayova - Trend:

French companies are interested in cooperation with Azerbaijan in the fields of information technologies, agriculture, environmental protection and tourism, President of the Business Council of MEDEF (Movement of the Enterprises of France) Geoffroy Roux de Bézieux said at a meeting with President of Azerbaijan’s state oil company SOCAR Rovnag Abdullayev, Trend reports with reference to SOCAR July 11.

Geoffroy Roux de Bézieux said that favorable conditions have been created in Azerbaijan for the activities of foreign companies. He also stressed the successful cooperation between the two countries in the energy sector.

Abdullayev, in turn, noted the successful activities of French companies in Azerbaijan and stressed the fruitful cooperation between SOCAR and French companies as part of regional and global energy projects.

The SOCAR president added that cooperation with French entrepreneurs will be expanded.

In 2016, SOCAR and French Total company signed a framework agreement on the main contractual and commercial principles regulating the first phase of development of the Absheron field.

The first phase of the field’s development envisaged drilling one well at a sea depth of 450 meters. The production will stand at 1.5 billion cubic meters of gas and 700,000 tons of condensate per year to be supplied to Azerbaijan’s domestic market. It is planned to produce up to four billion cubic meters of gas at the second stage.

Absheron’s reserves are estimated at 326 billion cubic meters of gas and 108 million tons of condensate, according to the Total specialists.


Follow the author on Twitter: @IsrafilbekovaS

Follow Trend on Telegram. Only most interesting and important news

Xəbər Lenti

| Azerbaijani defense minister meets with new ambassador of Ukraine

| Opening ceremony of Baku-Sharm El-Sheikh regular flight held (PHOTO)

| MFA: Eliminating occupation factor - only way to resolve Karabakh conflict

| Azerbaijan Industrial Corp opens tender for technology selection at alunite mine

| Azerbaijani agency for agricultural dev't finances projects worth 82M manats

| Production of yarn grows in Azerbaijan

| Turkish Undersecretariat for Defense Industries talks suspension of Ankara’s participation in F-35 program

| Iranian embassy makes statement on alleged military co-op with Armenia

| SOCAR expands its gas pipeline network in Georgia

| Azerbaijani Minister: Bakutel waiting for participants from Iran (VIDEO)

| President Aliyev: I believe that cooperation between Azerbaijan and EU will continue to successfully develop to our mutual benefit

| 80% of Iran’s sugar reserves ensured domestically

| President Aliyev: I hope that we will make joint efforts for further expansion of Azerbaijan-EU relations

| Turkey’s former PM Ahmet Davutoglu doesn’t exclude creation of new political party

| Whom US congressmen serve?

| Official statement by “Azercell Telecom” LLC

| Number of foreigners arriving in Azerbaijan up by 6%

| Azerbaijani State Migration Service: number of foreigners arriving in Azerbaijan up by 6%

| Bus with 5 Azerbaijani citizens gets into road accident in Antalya

| Azerbaijani beekeepers to receive more than 4.2M AZN of subsidies

| 15th Russian plane with components of S-400 missile systems arrives in Turkey

| Euronews airs report about UNESCO Baku Session (VIDEO)