BAKU, Azerbaijan, August 30. SOCAR State Oil company of Azerbaijan will transfer a number of its existing processing enterprises to the management of SOCAR Downstream Management, Trend reports.
The transfer of Azerikimya carbamide plant, methanol production plant, SOCAR Polymer gas processing plant and some other enterprises is expected.
This process is carried out on the basis of the principle of 'vertical integration' in order to strengthen management mechanisms, create a unified technological process and competitive products.
Thus, as a result of integrating SOCAR oil refining and petrochemical enterprises with SOCAR Downstream Management, it's expected to strengthen organizational activities, optimize costs and increase revenues.