Romania’s Romgaz ready to ally with Azerbaijan’s Socar in Black Sea offshore projects

Sorin Melenciuc 21/01/2019 | 14:34

The Romanian state-owned company Romgaz could enter partnership with the Azeri group Socar in Black Sea offshore gas projects.

Romgaz and Socar representatives have recently discussed about common projects.

“A partnership with such a major group like Socar, with expansion prospects, is important for us, as it will bring major benefits not only to Romgaz, but also to the energy sector and the national economy as a whole. Romgaz wishes to expand its operations in foreign markets, exploring new opportunities and identifying optimal and effective expansion options with profitable implications for the company,” Romgaz CEO Adrian Volintiru said, cited in a press release.

Socar representatives have expressed to Romgaz officials their interest in collaborating with Romgaz in offshore projects in the Black Sea but also in TAP and TANAP pipelines projects.

BR Magazine | Latest Issue

Download PDF or read online: December 2022 Issue | Business Review Magazine

The December 2022 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “Xclusiverse: Going Beyond the Traditional Ways of Doing Business.”
Sorin Melenciuc | 19/12/2022 | 18:45

    You will receive a download link for the latest issue of Business Review Magazine in PDF format, based on the completion of the form below.

    I agree with the Privacy policy of
    I agree with the storage and handling of my data by
    Advertisement Advertisement
    Close ×

    We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

    Accept & continue