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SOCAR not to be privatized – President Aliyev

Baku – APA-Economics. The list of public companies for privatization will soon be put up for discussion in Azerbaijan, President Ilham Aliyev said in an interview with RIA Novosti news agency.

The head of state noted that the Azerbaijani authorities are not planning to privatize the State Oil Company (SOCAR) - its strategic asset amid decline in oil prices. "SOCAR will remain the state property, because it is a strategic asset," he added.

 

Asked whether the Russian companies will be able to take part in the recently declared large-scale privatization of assets in Azerbaijan, Aliyev said that Russia is a close friend of Azerbaijan. "We would be glad if they do. They have not yet appealed to us," he said. 

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