OREANDA-NEWS.  February 13, 2012.  SOCAR President Rovnag Abdullayev met with the delegation led by ExxonMobil Company’s vice-president for Europe and Caspian region Philip Malholl.

 Welcoming the guest, Mr. Abdullayev noted that the preparation period on purchasing Esso Schweiz GmbH by SOCAR in accordance with the contract with ExxonMobil was conducted successfully. He expressed confidence in cooperation level between the two companies. In turn, Philip Malholl said their company was interested in exploration and production, and praised Azerbaijan`s economic achievements, international agreements conducted in the country. As he mentioned, his company can cooperate in new projects with experience, financial and technical opportunities.

ExxonMobil considers Azerbaijan one of priority countries for investing. According to R. Abdullayev, foreign investments in Azerbaijan are protected by the law which wins great confidence to the country by its partners. As he pointed out, today SOCAR has developed and gained important achievements in the international financial markets. Mr. Abdullayev stated that Eurobonds, issued by SOCAR, cause great interest and positive results of this operation causes trust in financing any project by the Company. SOCAR President also noted that, new drilling device would be constructed for extension of exploration works. ExxonMobil head adviser on international issues Stiven Mann also attended the meeting.