Bloomberg News

Socar, Soroof Team Up for Saudi Oil Exploration, Petrochemicals

May 25, 2012

State Oil Co. of Azerbaijan, or Socar, and Saudi Arabia’s Soroof International agreed to collaborate on Saudi energy projects.

Socar and Soroof will establish ventures to explore and develop oil and natural-gas fields and work on petrochemical projects, Socar said today on its website after signing a memorandum of understanding in the Azeri capital, Baku.

To contact the reporter on this story: Zulfugar Agayev in Baku at zagayev@bloomberg.net

To contact the editor responsible for this story: Hellmuth Tromm at htromm@bloomberg.net


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