SOCAR invests $2.9 bln in foreign countries

SOCAR invests $2.9 bln in foreign countries
# 17 September 2013 12:36 (UTC +04:00)

He says these include investments in Turkey, Ukraine, Georgia, Switzerland and other countries: “The projects under implementation by SOCAR abroad are being financed gradually. For example, worth of SOCAR’s subsidiary company in Turkey Star is $ 5 bln. Of this, 41.5% belongs to SOCAR”.

Commenting on domestically investing by SOCAR, Gasimov said that AZN 1 mln is invested in each of the domestic projects implemented by SOCAR per year: “this includes drilling of oil-gas wells, construction of platforms, pipelines and other projects”.

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THE OPERATION IS BEING PERFORMED