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SOCAR plans to buy a network of filling stations in Switzerland

Oil&Gas Materials 18 September 2011 14:56 (UTC +04:00)
SOCAR plans to buy a network of filling stations in Switzerland

Azerbaijan, Baku, 18 September /Trend corr. E. Ismayilov/

SOCAR (State Oil Company of Azerbaijan) plans to buy a large network of filling stations in Switzerland, head of SOCAR Rovnag Abdullayev said Sunday.

According to him, this issue will be solved in the near future .

As said earlier the head of SOCAR Trading (trading division of the State Oil Company Azerbaijan) Valery Golovushkin, the company is in talks to acquire assets (downstream) of Addax Petroleum of Switzerland.

Today, SOCAR has a large network of petrol stations in Georgia (70), a network of filling stations in Ukraine (which is projected to reach 1,000 units up to 2025). The company also is developing a network of gas stations in Azerbaijan and Romania.

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