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Petrofac and SOCAR set up joint venture

by ChemOrbis Editorial Team -
  • 06/12/2017 (10:57)
According to a press release on the company’s website, London-based oilfield services provider Petrofac and Azerbaijan’s state-owned SOCAR have set up a joint venture to create training opportunities in the country’s oil, gas and petrochemicals industries.

As part of the agreement, SOCAR’s share in the joint venture has been determined at 51% while Petrofac’s at 49%.

Accordingly, the two companies are expected to provide modern training and educational services to Azerbaijan’s industrial workforce.
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