SOCAR prefers purchasing of Ukrainian refinery now
Ukraine, Kiev, October 12 / Trend Z. Novosvitsky /
Presently, SOCAR prefers to buy one of Ukrainian refineries than construct a new enterprise to participate on oil processing market of Ukraine, SOCAR president Rovnag Abdullayev said at a press-conference in Kiev on October 12.
He said that the reason is that Ukrainian processing capacity is more than its demand in oil products. Capacity of existing refineries can be brought in accordance with European standards given certain amount of investments and funds.
"We consider all projects. A decision was not made. We will consider all interesting energy projects," SOCAR president said.
Official opening ceremony of SOCAR's representation was held in Kiev on October 12.