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04.11.2016 18:22

SOCAR ready to modernize Egyptian oil industry

The State Oil Company of Azerbaijan (Socar) is ready to undertake the upgrade of the Egyptian petroleum industry.

Socar reports that yesterday its president Rovnag Abdullayev and executive director of the State Oil Company of Egypt (EGPC) Tariq El Hadidi signed in Cairo the Memorandum of Understanding on expansion of cooperation. The Memorandum says of the enhancement of Socars role in the upgrade of the Egyptian petroleum industry and the implementation of joint projects.

Companies have been cooperating for 6 years.

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