SOCAR's representative elected head of Sarmatia's board
Azerbaijan, Baku, Oct. 11 / Trend E.Ismayilov /
Participants of the Sarmatia International Company elected the deputy vice-president of the Sate Oil Company of the Azerbaijan Republic (SOCAR),Vitaliy Baylarbayov, a new chairman of the board, Sarmatia Director General Sergei Skripka told Trend over phone.
Baylarbayov was elected at the general meeting of the Sarmatia participants, he said.
"Baylarbayov is the deputy vice-president of SOCAR and, accordingly, is now chairman of Sarmatia," Skripka said.
Sarmatia's Board Chairman Marchin Yastshembski filed a resignation in June 2010. Yastshembski did not name reasons for the resignation.
Sarmatia was created under the project of oil transportation via the route Odessa-Brody-Gdansk-Plotsk. Azerbaijan has the role of one of the major suppliers in this route. But Azerbaijan can operate as a transit country. Azerbaijan can supply not only its oil, but oil from Central Asia, for example from Kazakhstan via this pipeline.
Oil transportation project "Odessa-Brody" was to diversify oil supplies to Ukrainian refineries and develop transit potentialities of the country. The construction of the Odessa-Brody pipeline was completed in May 2002. Trunk has a length of 674 kilometers, pipe diameter - 1,020 mm. Capacity of the first stage of the pipeline and the terminal is 9-14 million tons per year.
Participants of Sarmatia are SOCAR (State Oil Company of Azerbaijan), Georgian Oil and Gas Corporation Ltd. (GOGC), Ukrainian Ukrtransnafta, Polish Przedsiebiorstwo Eksploatacji Rurociagow Naftowych Przyjazn SA and Lithuanian AB Klaipedos Nafta with equity participation of 24.75 percent for the main parties and one percent in the Lithuanian company.
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