A subsidiary of the State Oil Company of Azerbaijan, JSC SOCAR Petroleum increases its share capital by 53.8 million manat.
The Financial Market Supervision House (FMSH) stated that the additional issue of 179,617 ordinary shares with par value of 300 manat was registered on January 6. The method of placement of the securities is not reported.
Prior to that, the paid-up share capital of CJSC SOCAR Petroleum was 29 million 875.8 thousand manat.
The company was founded in September 2008 with the participation of SOCAR (51%) and A.P. International LLC, United States (49%). In Azerbaijan it owns 23 filling stations and 11 storage depots, a car service station, a motel with 26 rooms, as well as many vehicles. --08D--
Economics
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