OMV Considering Closer Cooperation with Azerbaijan

Published: May 20, 2011; 14:47 · (Vindobona)

The Austrian oil and gas group is in talks about investments in the oil-rich country which is an important supplier for Nabucco.

OMV Considering Closer Cooperation with Azerbaijan / Picture: © Flickr

CEO Gerhard Roiss met Azerbaijan’s President Ilham Aliyev in Baku this week. On the occasion of this encounter OMV signed a memorandum of understanding for extended cooperation with state-owned SOCAR (State Oil Company of Azerbaijan Republic). According to reports, the talks did not only turn on collaboration in the midstream segment (pipelines), but also in the upstream business…

This article includes a total of 260 words.

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