SOCAR is not going to close its representation in Greece until closure of the deal to purchase share in the Greek gas operator DESFA, Greek media reported quoting their own sources.
Akram Zeynally, Azerbaijani Ambassador to Switzerland, said in his interview to the Russian newspaper Nasha Gazeta in Switzerland that SOCAR has closed its official representation in Geneva, because of slump of oil prices, but left the offices of SOCAR Trading and SOCAR Energy Switzerland. SOCAR Energy Switzerland manages the network of petrol stations in Switzerland.
While commenting this information SOCAR President Rovnag Abdullayev said that the decision to suspend operation of all foreign representations of SOCAR was made in December 2015.
“The functions of the representations have been passed to the office in Baku and the companies, which are fully owned by SOCAR. As any other company, we have taken steps in a response to slump of oil prices,” said Abdullayev.-0—
Economics
-
The SOCAR-UNIPER joint venture inaugurated a 65 MW steam generator unit at the "Ethylene-Polyethylene" plant on Friday as part of activities held during COP 29. The project, aimed at boosting energy efficiency, is a significant milestone for the joint efforts of SOCAR and UNIPER in Azerbaijan’s chemical industry.
-
French energy giant TotalEnergies is considering participation in solar and wind power projects in the Nakhchivan Autonomous Republic of Azerbaijan, a move discussed during talks in Baku on November 15 between TotalEnergies CEO Patrick Pouyanné and Azerbaijani government officials.
-
Azerbaijan's Ministry of Energy, China Energy Overseas Investment Co. Ltd., and SOCAR Green LLC have signed an agreement to implement a 160 MW solar power project in the Fizuli district, Economy Minister Mikayil Jabbarov announced on social media on Wednesday.
-
Azerbaijan's state oil company SOCAR announced plans on November 15 to issue green bonds in the Azerbaijani financial market to support environmentally sustainable projects.
Leave a review