AZERBAIJAN - Socar Improving Services\.Socar is developing its petroleum equipment and oil service industries with the help of western companies. It has a JV with McDermott of the US, MacShelf, which builds deep-water platforms. In May 2000 Socar signed a ten-year co-operation agreement with PetroAlliance of the US for exploration and development services both onshore on·shore adj. 1. Moving or directed toward the shore: an onshore wind. 2. Located on the shore: an onshore beacon; an onshore patrol. adv. and offshore. Socar has since signed co-operation agreements with several service companies specialised Adj. 1. specialised - developed or designed for a special activity or function; "a specialized tool" specialized specific - (sometimes followed by `to') applying to or characterized by or distinguishing something particular or special or unique; "rules with in a range of upstream From the consumer to the provider. See downstream. (networking) upstream - Fewer network hops away from a backbone or hub. For example, a small ISP that connects to the Internet through a larger ISP that has their own connection to the backbone is downstream from the larger operations. Socar has since since the early 1990s it wanted co-operation agreements and JVs with foreign companies to cover the widest range of upstream equipment and services possible. Other projects include construction of underwater Underwater 1. The condition a call option is in when its strike price is higher than the market price of the underlying stock. 2. The condition a put option is in when its strike price is lower than the market price of the underlying stock. pipelines and the reconstruction and retrofitting of ships for use in drilling and laying of marine pipelines. |
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