Baku – APA-Economics. Analysis of Consulting organisation of Boston Consulting Group (BCG) shows that, activity of SOCAR Trading company brought additional revenues of 1,8 bln US dollars to the government.
Currently, SOCAR Trading is considering possibilities of expansion to the new international markets. In the report of BCG it is emphasized that this strategy will allow to diversify a trade portfolio of the company, increase its share in trading operations with participation of the third parties and use its own trade opportunities, and will also strengthen a competitive position of Azerbaijani company in the world market.
By trading other grades of oil besides Azerbaijani oil of SOCAR Trading managed to obtain additional profit. This is according to the consulting organisation of Boston Consulting Group BCG report dedicated to SOCAR Trading activity in the period of 2008-2013.
In the report it is noted that, since 2010 SOCAR Trading gets annually about 70 million barrels of oil of Turkmenistan, Kazakhstan, Russian and other originsand then realizes them in the market.
Lets remind that SOCAR Trading with headquarters in Geneva was created at the end of 2007 by the State oil company of Azerbaijan (SOCAR) with co-founding of Valery Golovushkin's (founder of Lukoil Trading in Geneva) and Anar Aliyev (successful businessman who has proved himself in oil industry).
Let's note that SOCAR Trading sells the main part of crude export volumes from the Ceyhan port (The Mediterranean Sea, Turkey), carries out trading of oil and oil products of other countries, and also renders assistance to the parent company with the international investments. The field of activity of SOCAR Trading covers the countries of Europe, Asia and America. The company has representative offices in the USA, Turkey, the United Arab Emirates, Egypt, Singapore and in other countries.
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