SOCAR

Foster Wheeler AG s subsidiary, Global Engineering and Construction Group, entered into a joint venture agreement with The State Oil Company of Azerbaijan Republic (SOCAR) in the Republic of Azerbaijan. UK desperately needs a new energy strategy based on a realistic assessment of its assets, its needs and the options available to it. Unfortunately, its freedom for technical and financial manoeuvre is deeply restricted by its selfimposed Climate Change Act and its commitment to the EU s 202020 targets.