SOCAR holds event summing up 2013
On December 28, SOCAR officials held a meeting dedicated to the results of 2013 and future goals of the Company, SOCAR announced. The attendees watched a presentation covering Company's production activities and achievements in 2013. SOCAR President Rovnag Abdullayev spoke about the successful implementation of the oil strategy founded by the National leader Heydar Aliyev and appreciated the contributions of Company’s staff to major achievements. According to him, adopted program on stabilization and gradual increase of the oil production was overfulfilled, as in 2013 oil production in the country reached 43.5 million tons and gas production -29.5 bn cu m. He emphasized signing of the final investment decision of the most significant event of 2013 - ''Shah Deniz - 2'' project, which was mentioned as “The Contract of XXI Century” by the President of the Republic of Azerbaijan Ilham Aliyev. This project made Azerbaijan an important gas exporter in the world. SOCAR President noted that the Company together with the Hellenic Republic Assets Development Fund signed an agreement on the sale of share package and shareholders agreement to acquire share package of the Greek operator of gas transmission company DESFA. Speaking about the international projects implemented by the Company, Mr. Abdullayev said operation geography of SOCAR was expanding and the Company had obtained potential assets in Switzerland, Georgia, Turkey, Ukraine, Romania and Greece. At the end of his speech, Mr. Abdullayev congratulated SOCAR personnel on the occasion of the World Azerbaijanis Solidarity Day and New Year and presented orders and medals to SOCAR personnel by the instruction of the President of the Republic of Azerbaijan Ilham Aliyev.
