SOCAR does not intend to reduce petrol price in Georgia
Georgia, Tbilisi, Oct. 14 / Trend N. Kirtzkhalia /
The State Oil Company of Azerbaijan (SOCAR) has no plans to reduce prices on Azerbaijani petrol sold in the Georgian market, SOCAR head Rovnag Abdullayev said today.
He was answering Georgian journalists' questions about Georgian Energy Minister Kakha Kaladze's statement about the possible fuel price reduction.
Oil product price reduction in terms of oil price increase is illogical, Abdullayev said.
Moreover, the company will return to its original price for diesel fuel by late 2013.
"We have reduced prices on this type of fuel at the request of Georgian authorities, as we took into account the need for agricultural work, but this can not continue on a permanent basis," Abdullayev added.
Petroleum products in Azerbaijan are made at two Baku refineries with a total capacity of 16 million tons a year. Both are part of the State Oil Company of Azerbaijan which annually processes approximately seven million tons of oil from onshore and offshore fields and is self-funded.