SAFEEN Group, a subsidiary of AD Ports Group, has signed a Memorandum of Understanding (MoU) with State Oil Company of Azerbaijan Republic (SOCAR) to collaborate on a number of maritime and shipping projects in Azerbaijan.
Azerbaijan, geographically located at the crossroads of Georgia, Kazakhstan, and Turkiye, might serve as a critical expansion location for SAFEEN Group, linking Central Asia to global markets.
“This MoU with SOCAR opens new avenues for prospective multifaceted synergies in the maritime and shipping sector. Azerbaijan’s strategic location and SOCAR’s expertise would ensure a dynamic platform for elevating maritime services, infrastructure, and logistics in the region. Furthermore, it would enable the facilitation of the further development of trade corridors in this geographically significant area,” stated Ammar Al Shaiba, CEO of SAFEEN Group.
SOCAR, an entirely state-owned national oil and gas giant, produces oil and natural gas in the Caspian Sea’s Azerbaijani region, playing an important role in the economic growth of Azerbaijan by transporting and marketing oil, gas, and petroleum products.
According to the provisions of the agreement, both parties want to use their individual strengths and considerable expertise to supply a wide variety of marine and logistics services in order to raise the Azerbaijani maritime environment and assist critical economic and strategic initiatives for both parties.
This comprises crude and petroleum product shipping, infrastructure development, and freight transportation. The goal is to also promote the modernisation of onshore and offshore logistics, with a particular emphasis on wind projects.
“Collaborating with SAFEEN Group offers the potential to amplify Azerbaijan’s maritime capabilities. We anticipate this partnership will drive our country’s maritime growth and accelerate offshore and onshore wind projects,” noted Afgan Isayev, vice president of SOCAR.
