On February 21, 2014 SOCAR put into operation two new petrol stations under its own brand name in Romania, reported SOCAR.
The new petrol stations have been opened in the Romanian cities of Oradea and Timishoara. Construction of petrol stations in Bakau, Cludj, Sibiu, Arad, Bistrita and Iasi cities continues.
“Thus, number of petrol stations operating in Romania under SOCAR brand name reached 25,” reads the statement.
It is planned to increase number of petrol stations under SOCAR brand name in Romania up to 100.
State Oil Company of Azerbaijan (SOCAR) is the only maker of oil products in Azerbaijan (it has two oil refineries) and it also owns petrol stations in Azerbaijan, Georgia, Ukraine, Romania and Switzerland.
In 2013 SOCAR exported from its oil refineries about 1.04 million tons of oil products against over 1.24 million tons in 2012. Last year Azerbaijan made 5.09 million tons of main types of oil products.--0--
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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