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Baku Energy Forum - SOCAR President: Dostlug field opens up new opportunities for cooperation

SOCAR President: Dostlug field opens up new opportunities for cooperation

28.10.2022

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The Memorandum of Understanding on the joint exploration, development, and exploitation of hydrocarbon resources of the Dostlug field opens up new opportunities for beneficial cooperation for Azerbaijan and Turkmenistan in the oil and gas sector, SOCAR President Rovshan Najaf said at the 27th International Conference and Expo "Oil and Gas of Turkmenistan" (OGT-2022) in Ashgabat, Report informs.

According to SOCAR, Rovshan Najaf, who made a speech at the plenary session on the theme "The future of energy - new challenges and opportunities," spoke about the existing contract-legal framework that creates the basis for the development of cooperation between the two countries in various fields, and said that the Southern Gas Corridor is of great importance for the countries of the region, including Azerbaijan.

Noting that 32 million tons of Turkmenistan's oil have been exported to the world markets through the Baku-Tbilisi-Ceyhan pipeline so far, the SOCAR president also spoke about the company's multifaceted activities in the oil and gas sector, its opportunities in the Caspian basin, and its long-term strategic goals.


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