Azerbaijan, Baku, Nov 23 /Trend E.Ismayilov/
More than 160 service stations under State Oil Company of Azerbaijan (SOCAR) brand will operate in Switzerland by - mid 2013, SOCAR Energy Switzerland said on Friday.
According to the information, SOCAR is dynamically developing in the Swiss market, despite the fact that it has entered this market recently.
SOCAR sells such classic fuels as gasoline and diesel fuel in Switzerland. However, they are enriched with special additives that ensure optimal level of combustion, which is important from an environmental point of view and in terms of cost and performance of the internal combustion engine of the car, the report says.
In September, SOCAR has commissioned its first petrol station in Zurich.
In late June, the U.S. Exxon Mobil transfers Esso Switzerland Swiss assets to SOCAR. The total value of the assets acquired by the State Oil Company of Switzerland is $330 million.
As it was reported before, on November 2011, the Esso Switzerland assets sale-and-purchase agreement had been signed between SOCAR and Exxon Mobil.
Following the acquisition of Esso Switzerland, SOCAR has taken over a retail network consisting of 170 filling stations, a division specialised in fuel marketing for industry and wholesale clients. This division is responsible for household fuel and balloon gas sale to independent suppliers throughout Switzerland.
Also under its banner SOCAR has also taken over the Wangen-Olten gas filling station, a number of filling stations and joint ventures specialised in aircraft fuelling at Geneva and Zurich airports and the Swiss Provision and Supply Company that controls joint ventures managing terminals and pipelines.