Petrofac’s Training Services enterprise and the State Oil Company of the Republic of Azerbaijan (SOCAR) have signed a Shareholders Agreement to kind a Joint Venture (JV) for the pursuit of coaching alternatives throughout the nation’s oil & gasoline and petrochemical industries.

Under phrases of the settlement, SOCAR’s stake within the JV has been decided at 51% and Petrofac’s at 49%. The Shareholders Agreement was signed by SOCAR’s president, Rovnag Abdullayev, and Petrofac’s world head of coaching providers, engineering and manufacturing providers, Karim Osseiran.

The JV will present examined, up to date coaching and academic providers for the employees of Azerbaijan’s power sector and people engaged in power tasks in different nations.

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In latest years, SOCAR’s Training, Educational and Certification Department has organized coaching in accordance with requirements of world famend organizations, corresponding to OPITO and IOSH. In addition to set up of top quality gear needed for finishing up this coaching, the vary of expertise improvement supplied by SOCAR has elevated.

Petrofac brings its in depth expertise of designing, constructing and working distinctive coaching amenities which mix immersive technical coaching strategies and digital expertise. In order to enhance the hyperlinks between educational training and manufacturing, the corporate may also present functionality to develop and guarantee competence throughout the HSSE, engineering, development, operations, upkeep and drilling disciplines.

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SOCAR is targeted on driving nationalization initiatives and its expertise of creating and working energy-related amenities, together with coaching facilities, shall be totally utilized throughout the Joint Venture. SOCAR will understand its aggressive benefit by having the chance to offer coaching and certification providers to personnel of international firms, thus using the industrial potential of coaching facilities at its disposal.

Source: www.worldoil.com

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