SOCAR Trading aimed at trading operations at the US oil market
Baku/24.02.16/Turan; SOCAR Trading company, the trade house of SOCAR, plans to open an office in Houston, Texas, Arzu Azimov, SOCAR Trading Executive Director, said in his interview to Reuters.
“The office will be opened to carry out trade operations with oil and oil products in the US. We also have an office in Calgary, Canada, which studies the possibilities of trade between US and Canada,” Azimov said.
Geneva-based SOCAR Trading was created at the end of 2007. At present 100% shares of the company are owned by SOCAR.—0—
Economics
-
Azerbaijan has dispatched its first rail cargo shipment from Baku to China, marking a significant milestone in its ambitions to become a critical hub along the Middle Corridor. The Azerbaijan Railways (ADY) confirmed on Sunday that the inaugural "Baku-Xi'an" export block train, comprising 62 40-foot containers, has begun its journey.
-
Azerbaijan’s Cabinet of Ministers approved a detailed framework for the preparation of sector-specific strategic plans aimed at guiding the country’s economic development over the medium term.
-
Azerbaijan’s ADY Express, a subsidiary of Azerbaijan Railways CJSC, signed several strategic agreements on the sidelines of the Logitrans Türkiye 2024 exhibition in Istanbul, Turkey, reinforcing its commitment to expanding freight transport services along the Middle Corridor.
-
Azerbaijan plans to establish state-of-the-art battery storage facilities for green energy with a total capacity of 350 MW within the next 4-5 years, a well-informed source in the Ministry of Energy told Turan.
Leave a review