SOCAR to continue operating in Ukraine, despite crisis
Baku, Azerbaijan, Oct.1
By Emil Ismayilov - Trend:
The State Oil Company of Azerbaijan (SOCAR) is operating in Ukraine in accordance with its initial strategy, a source at SOCAR told Trend on Sept.30.
The source was commenting on the possible impact of the difficult socio-political situation in Ukraine on the activities of SOCAR in this country.
The source said that despite the difficult situation in Ukraine, which had an impact on the operation of all companies, SOCAR carries out its activities in this country in accordance with its strategy.
SOCAR, which owns a gas stations' network in Ukraine, currently continues its work on the construction of new gas stations in this country, according to the source.
However, the source didn't specify the exact date of putting these gas stations into operation.
"Currently, the total number of the gas stations operating in Ukraine under the SOCAR brand name, equals nearly 40," the source added.
SOCAR is the only producer of petroleum products in Azerbaijan; it owns two oil refineries, as well as gas stations in Azerbaijan, Georgia, Ukraine, Romania and Switzerland.
SOCAR exported nearly 1.04 million metric tons of petroleum products from its own refineries in 2013, compared to over 1.24 million metric tons in 2012. In total, Azerbaijan produced 5.09 million metric tons of major types of petroleum products in 2013.
Edited by CN