SOCAR PETROLEUM SETS UP THREE GAS STATIONS
SOCAR Petroleum plans to launch 10 new gas stations of the type in Azerbaijan before the end of 2010. There are three of them now. They are located in Baku and were set up in May 2010. SOCAR plans to create 10 more stations in Azerbaijan in 2011.
The stations are managed by SOCAR Petroleum with 51% of the shares belonging to SOCAR and 49% belonging to AP Petroleum.
SOCAR has 46 gas stations in Georgia. Their number will increase to 60 this year. SOCAR also launched its first gas station in Odessa, Ukraine in late July. The number of these stations in Ukraine will presumably increase to 30 in future.--14B--
Economics
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