BAKU, Azerbaijan, June 2. The Caspian basin is
one of the strategic energy hubs for XRG Corporation, and the first
project in the energy sector of Azerbaijan is the Absheron project,
implemented jointly with SOCAR and TotalEnergies, Azerbaijan
Country Manager for XRG, Tolga Demir, said at a panel discussion
held on the second day of the Baku Energy Week, Trend reports.
"We are forming a regionally diversified portfolio covering four
continents in the international gas direction.
The Caspian basin is one of the strategic hubs for us. Our first
project in the energy sector of Azerbaijan is the Absheron project,
implemented jointly with SOCAR and TotalEnergies. Azerbaijan was
the first place where our international gas business started
operating," he said.
Demir noted that although XRG is a new player in the energy
sector, the company is backed by ADNOC, one of the world's leading
energy companies.
According to him, XRG is the international investment arm of
ADNOC, and the company's value exceeds $150 billion.
"We make long-term and sustainable capital investments. This
means that we operate with a long-term perspective, not a
short-term one," he emphasized.
