OREANDA-NEWS. November 1, 2007. SOCAR President Rovnag Abdullayev received the first vice-president of Bank for Reconstruction and Development (EBRD) Varel Freeman and his delegation. Having thanked for warm welcome Mr. Freeman stated that it is his first visit to Azerbaijan and he is very pleased to be here. He spoke about the socioeconomic reforms and development in Azerbaijan, as well as emphasized the importance of the successes in oil-gas sector.

SOCAR President Rovnag Abdullayev mentioned about the achievements within the global energy projects jointly conducted with foreign companies, and stated that SOCAR plays an important role in those projects. He underlined that Azerbaijan is one of the suppliers of great importance for energy security in Europe.

 SOCAR is also recognized in the whole world as the most developed company of the region. He said: “Currently, the company works to meet universal standards, to establish elaborate structure, and to have high rating”. Speaking about the participation of EBRD in those work processes as an advisor, SOCAR President remembered the effective cooperation with EBRD in the realization of “Shahdaniz” project which pleased both sides. The first vice-president of EBRD showed interest to the ecological projects implemented in different directions in Azerbaijan. SOCAR President said that the Company is carrying out pilot projects in this field by allocating its own resources, and will consider the possible ways for the future cooperation. Some other issues were discussed during the meeting.