Rovnag Abdullayev, the President of the State Oil Company of Azerbaijan (SOCAR), stated in his televised speech on local channel AzTV that SOCAR intends to establish a company in Greece for the retail trading of oil products, Trend reports.
Soon SOCAR intends to set up representation in Romania and Turkey. A similar office has been opened in Georgia, he added.
Earlier the head of state informed that in 2009 Azerbaijan will produce 50mln tons of oil, while in 2010 the production might reach 65mln tons. He explained of the routes for the transportation of crude to Europe via Romania.