Press Esc to close

WorldOil

World Oil News Center



Rosneft, Socar to jointly develop oil and gas resources

BY JAMES MARSON

MOSCOW -- Russian state oil giant OAO Rosneft has signed a cooperation deal to jointly develop oil and gas resources with Azerbaijan' s state energy firm Socar, Rosneft said in a statement Tuesday.

Rosneft and Socar will create joint ventures to explore and develop resources in various countries, including Russia and Azerbaijan, Rosneft said.

The deal was signed Tuesday in Azerbaijan' s capital Baku by Rosneft Chief Executive Officer Igor Sechin and Socar' s CEO Rovnag Abdullayev.

The companies also agreed to cooperate on marketing and sales of hydrocarbons and oil products and joint use of infrastructure, Rosneft said.

Dow Jones Newswires

08/13/2013

 

Bookmark and Share


WO DATA HUB

EngineeringTablesIcon-Large

Engineering Data Tables

World Oil's specialized upstream Engineering Data Tables featuring the Drill Bit Classifier, Tubing Tables and more. Get Total Access today.

WO SUPPLEMENTS

2013 Fracturing Technology

2013 Fracturing Technology

MEDIA CENTER

By Digital Publisher

Drill Bit Classifier World Oil published its renowned Drill Bit Classifier in September 2013. The Drill Bit Classifier is a comprehensive listing of major manufacturers' d...

ENERGY EVENTS

Upcoming Events