Baku, Azerbaijan, Oct. 14
By Azad Hasanli - Trend:
The SOCAR company has reached another agreement on oil supplies to the Polish Orlen Oil Concern, said the report of the Polish oil concern Oct.14
The agreement was reached Oct. 12, 2015, according to the concern.
The report said that in general for 12 months, Orlen and companies that are part of SOCAR signed agreements on oil supplies worth 1.7 billion zloty ($457 million). The concern signed a major agreement with SOCAR Trading in November 2014. The agreement volume amounted to 170 million zloty ($45.7 million).
SOCAR is the only producer of oil products in Azerbaijan. Through its SOCAR Trading subdivision, the company carries out oil trade in various regions of the world.
SOCAR Trading with headquarters in Geneva was created at the end of 2007. The company sells the main part of crude export volumes from the Ceyhan port (The Mediterranean Sea, Turkey), carries out trading of oil and oil products of other countries, and also renders assistance to the parent company with the international investments. The field of activity of SOCAR Trading covers the countries of Europe, Asia and America. The company has representative offices in the USA, Turkey, the United Arab Emirates, Egypt, Singapore, and in other countries.
The Orlen Oil Concern is Poland's largest company engaged in oil refining and gasoline sales.
Edited by CN