A Memorandum of Understanding was signed between SOCAR and Kazakhstan’s “KazaqGaz” company

A Memorandum of Understanding was signed between SOCAR and Kazakhstan’s “KazaqGaz” company

President of the State Oil Company of the Republic of Azerbaijan (SOCAR) Rovshan Najaf met with the delegation led by Sanzhar Jarkeshov, the Chairman of the Board of Directors of the State Company “KazaqGaz”.

About it “Report” reports with reference to SOCAR.

During the conversation, views were exchanged on the development prospects of cooperation between SOCAR and “KazaqGaz”, creation of working groups for the purpose of implementation of the planned projects and other issues of mutual interest.

At the end of the meeting, a Memorandum of Understanding was signed between SOCAR and “KazaqGaz”. The document envisages the exploration and development of hydrocarbon deposits in Kazakhstan, the development of the gas-chemical sector, the modernization of gas transportation, the application of innovative technologies in this sector, and the exploration of opportunities for cooperation in other important areas.

The memorandum will also serve to develop close commercial relations between the parties, increase the volume of bilateral investment and technological exchanges.

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