OREANDA-NEWS. January 25, 2013. SOCAR held an annual reception in Davos named ''SOCAR - Energy of Azerbaijan'' as part of the general program of the Azerbaijani delegation at the World Economic Forum. SOCAR President Mr. Rovnag Abdullayev addressed the guests with a welcome speech and spoke about the achievements of Azerbaijan, and especially of SOCAR.
 According to him, the continuous development in Azerbaijan contributes to rise in human resources and living standards. SOCAR takes an active part in these processes and gets outstanding achievements in this connection. Afterwards, the EU commissioner for energy Mr. Gьnther Oettinger spoke about the first Nobels who arrived in Baku and contributed to the development of the oil sector in Azerbaijan.

Two Memorandums of Understanding were signed during the event. One MoU was signed between the SOCAR President Mr. Rovnag Abdullayev and the Chairman of Board of MIGROS Mr. Herbert Bolliger. According to the document, the parties agreed to expand joint cooperation in Switzerland`s fuel sector and continue exploring new market opportunities for further investments. The other MoU was signed by the representatives of State Oil Fund of Azerbaijan (SOFAZ) and International Finance Corporation (IFC), which envisages expanding the cooperation in the area of private sector investment and private investments in the world emerging markets.

During the reception, “Azerbaijan - The Land of Future'' documentary film was screened for the guests.

The event was attended by a number of top-ranking officials, representatives of leading international organizations and business circles.