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SOCAR could build up to 2 new filling stations in Georgia in 2018

Oil&Gas Materials 12 January 2018 13:44 (UTC +04:00)

Baku, Azerbaijan, Jan.12

By Leman Zeynalova – Trend:

Azerbaijan’s state oil company SOCAR can build up to two gas filling stations in Georgia in 2018, head of SOCAR Energy Georgia Mahir Mammadov told Trend.

Mammadov noted that SOCAR Georgia Petroleum doesn’t plan to make big investments in the development of its filling stations’ network in Georgia in 2018.

“Nevertheless, in connection with the development of Georgia's road infrastructure, especially towards the east-west highway, it is possible to build up to two filling stations on these segments of the highway,” he said.

The head of SOCAR Energy Georgia went on to add that the construction plans will depend on the time of commissioning the highways.

“Moreover, in order to improve the quality of service, it is planned to make some capital expenditures on repair and rehabilitation of the existing filling stations,” said Mammadov.

SOCAR is the sole producer of petroleum products in Azerbaijan. It also owns filling stations in Azerbaijan, Georgia, Ukraine, Romania and Switzerland.

In December 2017, SOCAR Energy Holdings (the Swiss subsidiary of Azerbaijan’s state oil company SOCAR) purchased the filling stations network owned by Austria’s A-1 company.

SOCAR also plans to increase the number of its gas filling stations in Romania. The new 38th gas filling station under the brand name of SOCAR will be opened in Romania’s Satu Mare city.

Moreover, Belarus and Azerbaijan intend to work out the issue of opening a network of filling stations of SOCAR in Belarus.

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Follow the author on Twitter: @Lyaman_Zeyn

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