ECONOMY


Baku Higher Oil School hosts SOCAR 3rd International Forum

Baku, April 23, AZERTAC

Co-organized by Baku Higher Oil School (BHOS) and Confidence Capital company (UK), SOCAR 3rd International Caspian and Central Asia Downstream Forum on Trading, Logistics, Refining, Petrochemicals has got underway in Baku. The number of its attendants has significantly increased since last year. The experts and managers of state organizations and transnational companies include 72 participants from Azerbaijan, 49 representatives from Russia, 32 delegates from Kazakhstan, 53 participants from Austria, France, Germany, Great Britain, Italy, Poland, Spain, Switzerland and other European countries, 19 delegates from Iran, Singapore, Turkmenistan, UAE, Uzbekistan and other Asian countries, and a representative of Columbia.

In his opening remarks, BHOS Rector Elmar Gasimov emphasized that SOCAR 3rd International Caspian and Central Asia Downstream Forum is dedicated to the 95th anniversary of the Azerbaijani national leader Heydar Aliyev. He noted that the forum is taking place in a remarkable time for Azerbaijan, in a short time after President Ilham Aliyev was re-elected as the President of the Republic of Azerbaijan. On behalf of the forum participants, the rector extended his congratulations to the whole people of Azerbaijan, expressing his confidence that the country will further develop and flourish.

“The annual SOCAR Forum which has become a traditional event is a unique platform for covering the country’s oil strategy which is being successfully implemented under the leadership of the President of the Azerbaijan Republic Ilham Aliyev,” Elmar Gasimov said.

“It gives all delegates and participants ample networking and information exchange opportunities on the key issues of oil and gas industry development and the major international projects in trading, logistics and refining in the Caspian region and Central Asia. Participation of about 230 managers and experts from the major oil and gas enterprises of nearly 30 countries is a clear indicative of the fact that Azerbaijan occupies a leading position in the development of the global energy industry today,” the rector said.

The event then featured the screening of a short documentary highlighting the life and multifaceted activities of the Azerbaijani national leader Heydar Aliyev.

Addressing the opening ceremony, Minister of Energy of the Republic of Azerbaijan Parviz Shahbazov, Deputy Chairman of the Azerbaijani Milli Mejlis Valeh Alasgarov, First Vice President of SOCAR, academician Khoshbakht Yusifzade, BP's vice president for communications, external affairs and strategy in Azerbaijan, Georgia and Turkey region Bakhtiyar Aslanbayli, rector of Baku State University, academician Abel Maharramov and rector of Azerbaijan State University of Economics Adalat Muradov welcomed the participants and wished them successful and productive work.

During the first three days of the forum, nearly 40 speakers from 30 countries will make presentations and provide an overview of petrochemical industry in Azerbaijan and other Caspian countries, prices and target markets for oil and oil products, and gas production prospects and export routes. The delegates will also focus on commercial positioning and prospects for development of refining facilities, analyze supply and demand for petrochemical products, and discuss current markets and potential export routes for them from the region. On April 26, they will make technical visits to the facilities of Heydar Aliyev refinery and Oil Gas Processing and Petrochemical Complex in Sumgayit.

The forum participants include managers and experts from state structures and enterprises, petroleum companies (traders, oil refinery and oil extraction), transport companies (ports, terminals, pipes and expeditors), banks, legislative and consulting companies, manufacturers, universities, and enterprises dealing with development of new technologies.

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