SOCAR to modernize Egypt's oil industry

President of the State Oil Company of Azerbaijan Republic (SOCAR), Rovnag Abdullayev, met the chief executive officer of EGPC, Tarik al Hadidi, the press service of SOCAR said.

They discussed issues of expansion of cooperation between SOCAR and EGPC and SOCAR’s role in upgrade of the oil industry of Egypt at the meeting. 

Within the meeting, the Memorandum of Mutual Understanding (MOU) was signed, AzerTAc reports.