Upstream SOCAR-Rosneft JV gets the green light

SOCAR-Rosneft JV : Rosneft and SOCAR have signed an agreement to create a joint venture for the exploration and production of oil and gas in Azerbaijan, Russia and elsewhere. The deal was struck at the St. Petersburg International Economic Forum between Rosneft CEO Igor Sechin and SOCAR President Rovnag Abdullayev. TREND