(MENAFN- Trend News Agency) BAKU, Azerbaijan, May 18. Azerbaijan State Oil
Company (SOCAR) and Uzbekneftegaz JSC, state-owned holding company
of Uzbekistan's oil and gas industry, have discussed the creation
of a joint venture for gas trading, trend reports via Uzbekneftegaz.
The issue was discussed at the meeting between management of
Uzbekneftegaz and the delegation headed by President of SOCAR
Rovshan Najaf.
Particular interest was expressed for the creation of a "SOCAR
Trading" joint venture.
The sides also discussed the project of modernization of the
Uzbek Bukhara Refinery, as well as joint development at fields both
on the territory of Uzbekistan and Azerbaijan.
At the same time, SOCAR's management has expressed its readiness
to become an operator of energy projects in Uzbekistan.
Meanwhile, earlier this year, Board Chairman of Uzbekneftegaz
company Bahodir Siddikov told trend that the creation of this JV will lift the
cooperation to the fundamentally new level.
"We know about the very successful experience of SOCAR Trading.
I believe that in the near future we'll see such serious stages,"
Siddikov added.
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