SOCAR establishes joint enterprise with Uniper

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On May 25, SOCAR and German Uniper have signed an agreement on establishment of SOCAR-Uniper LLC to produce energy and steam.

Local media reports SOCAR has 51%, Uniper 49% share in the LLC.

Moreover, an initial project agreement has been signed on construction of Steam Turbo-Generator machine.

The machine aims to increase energy effectiveness of Steam Generator Complex of Azerkimya PU’s Ethylene-Polyethylene plant and produce additional energy.

The agreements were signed by SOCAR President Rovnag Abdullayev and Uniper President Klaus Schäfer.

2016.05.25 / 14:40
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