Azerbaijan, Baku, Feb.2 / Trend E. Ismailov /
Having an oil refinery in Ukraine will be worthwhile for SOCAR given the company's role on the oil product sales and possessing retail market and its plans for developing a network of gas stations in the country, a source in oil and gas market told Trend.
According to him, the oil refinery will allow SOCAR to reduce its dependence on other oil producers while commissioning itisgas stations.
The company's plans include acquiring or constructing an oil refinery in Ukraine.
"There are plans ... and if you look at it from a business point of view, then they are reasonable, so as not to depend on others," the source said.
Now, Ukraine has seven gas stations operating under the SOCAR brand.
A source in the SOCAR Ukraine Office told Trend earlier that SOCAR will have 500 gas stations in Ukraine within five years and 50 by late 2011.