SOCAR has obtained a license for sale of oil products at the Turkish market in the coming 15 years.
Turkish media reported that the license was issued for distribution of gasoline, diesel fuel and other oil products, The license was issue on January 10, 2013 and it is valid till January 10, 2028.
The Turkish energy market's regulator has earlier issued a license to SOCAR Gaz Ticaret A.S. for the wholesale of gas for the period of 30 years.
In early November 2012 SOCAR Turkey Energy jointly with Turkish Cig Enerji gas company established SOCAR Gaz Ticareti A.S. company for distribution of gas at the Turkish local market.
In 2016 SOCAR opened its own oil refinery in the Turkish city of Izmir. After that SOCAR plans to buy a network of gas filling stations in Turkey and start sale of oil products at the local market.-0-
Economics
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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