The new joint venture will manage the production of the largest mechanical equipment workshop and heavy crane plant in the CIS region.

On February 19, SOCAR and Sumgait Technology Park, the resident of Sumgait Chemical Industrial Park signed a joint venture agreement.

The main activities of SOCAR-STP will be drilling equipment, drilling operations, drilling operations, rotary and pressure equipment, fountain fittings, APS (Advanced Parts Solution), heavy cranes, maintenance and repair.