Baku, Azerbaijan, July 21
By Maksim Tsurkov – Trend:
Investments of SOCAR Turkey Energy, a Turkish subsidiary of the Azerbaijan’s state oil company SOCAR, will continue to increase, Anadolu agency quoted Chairman of the company’s Board Vagif Aliyev as saying July 21.
Aliyev expressed his condolences for those who died in the attempted military coup that took place on July 15 in Turkey and stressed that the event will not damage investments in the country.
On July 15 evening, Turkish authorities said a military coup attempt took place in the country. Meanwhile, a group of servicemen announced about transition of power to them. However, the rebelling servicemen started to surrender July 16 and Turkish authorities said the coup attempt failed. More than 200 people have been killed as a result of the coup attempt.
“The company’s investments in the country are over $18 billion with projects which will help Europe to meet its energy needs,” said Aliyev.
He added that the investments in Turkey will continue, as Turkey is home to the company which has around 40,000 employees.
The chairman also underlined the commitment that both SOCAR Turkey Energy and its various different international investors and partners have.
"I want to stress that our partners are as determined as we are and trust in Turkey's economy and stability," he noted.
Aliyev explained that SOCAR Turkey Energy will complete STAR refinery’s construction in 2018.
"We will start operations in the refinery, which will be a significant tool for reducing the country's current account deficit," he added.
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