is the sole producer of oil products in Azerbaijan, with two oil refineries, and also owns petrol stations in Azerbaijan, Georgia, Ukraine, Romania and Switzerland.
We believe that by working together, Frontera and SOCAR
can provide Azerbaijan with an attractive, early increase in cash flow while we search for new reserves.
s newly inaugurated filling station is located in Odessa, Ukraine.
At present, SOCAR
and its affiliates cooperate with 25 companies from 15 countries within the framework of 18 PSAs (Production Sharing Agreement), he said.
A field study, sponsored by World Bank and jointly conducted by GeoQuest and SOCAR
, examined the re-development potential of these mature fields, which have high water cuts and low production rates.
Georgia Gas (a subsidiary of "SOCAR
Energy Georgia") must gasify at least 150,000 potential new customers and to invest at least $ 40 million in the gasification process in the country in accordance with the agreement with the Georgian government.
GAIL and SOCAR
will also pursue business opportunities in upstream assets across the world and joint investment in petrochemical projects.
includes Azneft (production association of companies producing oil and gas on land and sea), Azerkimya (production association of chemical industry enterprises) and Azerigaz (production association of gas distribution enterprises).
also highlighted that teachers and other school personnel will not be left unemployed, meaning that the staff will be provided with new jobs.
Turkey's Public Disclosure Platform said on September 23, 2014, the share of SOCAR
Turkey Enerji in the complex reached 61.
Trading is considering possibilities of expansion to the new international markets.
Hamza Karimov, CEO of SOCAR
Romania stated: SOCAR
will open two more fuel stations in Romania this year, in Sibiu and Bistrita, for which construction is underway.