SOCAR plans to invest 50 billion Euro into Romanian oil products market
In 2015-2016 SOCAR plans to open 13-14 petrol stations in Romania under SOCAR brand name, reported Romanian media quoting Vitalli Beglyarbekov, SOCAR Deputy Vice President for Marketing and Investments.
He said at present the company owns a network of 32 petrol stations under SOCAR brand name in Romania.
“We are very proud that we were able to create the company, which numbers about 500 employees and involved in many operations in Romania. However, we are going to do even more and our first step will be to increase number of petrol stations and volume of sale of oil products at the local market. In particular, till the end of 2015 we are going to open three or four new petrol stations in Romania and next years – ten mores stations,” Beglyarbekov said.
He said some petrol stations will be built from anew, while other will be purchased and renamed.
“SOCAR has already invested 50 million Euro into Romania and it is going to spend the similar amount in the coming 2-3 years to expand its network of petrol stations,” Beglyarbekov added.
SOCAR started working in Romania since 2011.—0—
-
- Economics
- 3 July 2015 12:59
Economics
-
On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
-
Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
-
Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
-
Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
Leave a review