Azerbaijan and Kazakhstan mull oil & gas cooperation

Baku, September 16 - Neftegaz.RU. Azerbaijan and Kazakhstan have discussed the prospects of cooperation in all directions of oil and gas industry. The discussing took place during the meeting of SOCAR President Rovnag Abdullayev with the Chairman of the national company of Kazakh KazMunayGas Alik Aidarbayev, AzerNews reported.

During the meeting, prospects of wide cooperation between the companies were discussed, including possibilities of joint study of geological and geophysical materials for geological exploration in the Caspian Sea and exploration of hydrocarbons.

It should be noted that SOCAR is carrying out modernization works on 'Satti floating drilling rig owned by KazMunayGas. In addition, drilling will be carried out in the Azerbaijani sector of the Caspian Sea using the 'Satti floating drilling rig. The facility will be operated by SOCAR.

Azerbaijan´s SOCAR is involved in exploring oil and gas fields, producing, processing, and transporting oil, gas, and gas condensate, marketing petroleum and petrochemical products in domestic and international markets, and supplying natural gas to industry and the public in Azerbaijan.

The company owns 2 refineries in Azerbaijan, 1 in Turkey, as well as networks of petrol stations in Azerbaijan, Turkey, Georgia, Romania and Switzerland.

The national company "KazMunayGas" is a national operator representing the interests of the state of Kazakhstan in the oil and gas industry, engaged in exploration, production, processing and transportation of hydrocarbons. The company was established in 2002 and includes over 190 organizations.