SOCAR moves to the U.S. market

The State Oil Company of Azerbaijan (SOCAR) has announced its interest in the US market, and has opened an office in Washington, said Vitaly Beylarbeyov,  deputy vice-president of SOCAR,  at the international conference "Oil and Gas Media" in Baku.

According to him, in the near future SOCAR plans to open an office in Houston. Beylarbeyov but did not go into details on the project which SOCAR is going to implement in the American market. "You will learn about them when these projects will be deployed,"  said Beylarbeyov.

To date, beyond Azerbaijan SOCAR operates in the following countries: Georgia (the sale of petroleum products, the total number of filling stations  is 96, management of gas distribution networks and gas distributorship, transshipment terminal in Kulevi);

Turkey (petrochemical complex Petkim, preparation for construction of a refinery in Izmir), Ukraine (which owns about 30 stations);

Romania (retail network of 14 units);

Switzerland (170 stations, refueling terminals at airports of Zurich and Geneva.) In addition, trading company SOCAR Trading has been operating in Switzerland  since 2008.

In addition, SOCAR fulfills orders for the Caspian countries on the construction of underwater structures, concrete pipe, provides geological and geophysical services, etc.

In October, the affiliate  company SOCAR - CDC plans to start drilling in the Israeli shelf of the Mediterranean  Sea.

Based on the above noted, and  taking into account the ambitions of the State Oil Company, it is believed that in the USA,  SOCAR will be able to  undertake a wide range of services  in the oil and gas sector. -12С-