SOCAR Ukraine sees 11% increase in fuel sales

Oil&Gas Materials 28 October 2021 10:09 (UTC +04:00)

BAKU, Azerbaijan, Oct.28

By Leman Zeynalova – Trend:

SOCAR Energy Ukraine, a subsidiary of Azerbaijan’s state oil company SOCAR, saw a 11 percent increase in fuel sales since early 2021, as compared to the same period in 2020, Trend reports with reference to Ukrainian media.

“Non-fuel sales are subject to ordinary seasonal fluctuations,” said the company.

SOCAR Energy Ukraine said it plans to open two or three more gas filling stations in 2022.

“SOCAR has 57 gas filling complexes located in cities with million plus population and on major highways. SOCAR Energy Ukraine is the only company operating in premium segment in this sphere. Therefore, the design of our complexes is tailored to the demand of our target market in megapolises and on priority routes. We’re not keen on opening a large number of new gas filling complexes in Ukraine, since the level and quality of services is a priority for us,” the company told Trend earlier.

SOCAR’s representative office opened in Ukraine in 2008. The company acquired about 20 Tala-Nafta filling stations in Odessa and Nikolaev regions. as well as Svitanok large oil depot in Odessa region in 2009.

The company took control of the fuelling networks ONIO (four filling stations in Kyiv and the region) and GFC (in Lviv region) in 2010-2011. SOCAR received permission from the Antimonopoly Committee of Ukraine to purchase 26 filling stations and one tank farm of the Kalina group in August 2012

SOCAR's investments in Ukraine as of 2020 stood at $300 million.


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