Abu Dhabi Ports subsidiary, Safeen, and the Oil Company of Azerbaijan Republic (SOCAR) are to collaborate on a number of areas across Azerbaijan’s maritime and shipping sectors. Under the terms of the agreement, both parties aim to leverage their respective strengths and experience to deliver a broad range of maritime and logistics services. This includes shipping crude and petroleum products, infrastructure development, and other cargo transportation projects. The intention is to also support the modernisation of onshore and offshore logistics, with a key focus on wind projects, advancing Azerbaijan’s renewable energy goals.
This latest MoU continues the initiatives being taken by AD Ports Group and its subsidiaries in the Central Asian region. These are being driven by a strategic goal to increase the efficient transportation of energy resources to global markets, while connecting various regions, with the aim of stimulating economic growth.
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