SOCAR: Swiss enterprises do not belong to private individuals

SOCAR (State Oil Company of Azerbaijan) refuted the message of the organization of Azerbaijani political refugees in Europe. 

    In particular, it was alleged that the three Swiss companies registered under the name «SOCAR», were founded by private individuals, including the head of SOCAR Rovnag Abdullayev. 

    The report of SOCAR reads that “SOCAR Trading SA” was established in December 2007 in Geneva to provide independent output and flexibility of the export of Azerbaijani oil to world markets.

    The founder of "SOCAR Trading SA" is a "Supra Holding Limited", in which SOCAR’s interest was 50%, and now it is 80%. 

   Among the founders of the "SOCAR Trading SA" and "Supra Holding limited» there were not private individuals. 

  Persons presented as a founding individuals are members of the board. Some of them occupy high positions in the SOCAR Trading SA, and others in the SOCAR. 

   As for the Deputy Director General of "SOCAR Trading SA" Zaur Gahramanov, he is not included in the board of the company. 

     As for the “SOCAR Black Sea”, it was created to export oil products to Ukraine by the "SOCAR Trading SA" and Ukrainian "ROSSİM". 

    Finally, the third company was established due to buying by SOCAR a Swiss subdivision of the American company "ExxonMobile" - "Esso Schweiz GmbH". To manage the stores, located at the territory of the acquired filling stations, a contract was signed on the establishment of an alliance with a reputable food selling company "Migros".  –06D-