SOCAR considers important transition to "saving mode"

The press service of SOCAR  issued information about the meeting held on December 31  on the results of  2015 year.  The president of SOCAR Rovnag Abdullayev said that the year was hard for all oil and gas companies in the world. Against the backdrop of the current economic situation in the world of the productive results of Azerbaijan  in  2015  were satisfactory. Rovnag Abdullayev called important the  construction  of Trans-Anatolian gas pipeline (TANAP), oil refinery "Star", and the port "Petlim".

"Projects implemented in Azerbaijan successfully continue, however, to optimize costs  the company's transition to the  saving regime must be accelerated," said the head of SOCAR.

Rovnag Abdullayev said that the saving  regime does not apply to the safety of people during the ongoing  operations as this is a priority. Abdullayev said that in 2016 the priority is to ensure the stability of SOCAR.

There was an  exchanged views on  revision the policy  of logistics  of offices and agencies of SOCAR, cost optimization and governance, strengthening the  saving regime. SOCAR President gave specific instructions to strengthen the stability of the company.