Bank Of Baku

SOCAR explores options of buying refineries abroad

SOCAR explores options of buying refineries abroad
# 20 November 2009 17:01 (UTC +04:00)
Baku. Rashad Suleymanov - APA-ECONOMICS. State Oil Company of Azerbaijan (SOCAR) is considering the options of buying refineries abroad, said Rovnag Abdullayev, President of SOCAR.

He said the company is interested in acquiring refineries in several countries, especially those where SOCAR delivers oil.

He didn’t refer to a particular country of preference, adding that they are in talks for these projects.

SOCAR is expected to acquire refineries in Romania, Ukraine, Bulgaria and Italy.
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