'Azerbaijan has necessary conditions for making investments'

The world-known banks seek to establish the cooperation with SOCAR, SOCAR head Rovnag Abdullayev said at a meeting with BNP PARIBAS (SUISSE) Chief Executive Officer Pascal Boris today.

Abdullayev said that SOCAR has recently established the cooperation with international financial institutions, achieved great confidence in these circles and received high international rankings.

He also stressed that Azerbaijan has created all the necessary legal possibilities for making investments. Abdullayev informed about the projects in which the bank is interested, and expressed support for the proposals of expanding the cooperation.

SOCAR is the only producer of oil products in the country (it has two refineries on its balance sheet) and also owns petrol stations in Azerbaijan, Georgia and the Ukraine. Last year SOCAR purchase network of gas filling stations in Switzerland. SOCAR is co-owner of the largest Turkish petrochemical complex Petkim. The company carries out oil trade in various regions of the world through SOCAR Trading.

SOCAR includes the Azneft production association (the companies producing oil and gas on and offshore), the Azerkimya industrial association (chemical enterprises) and Azerigaz industrial association (gas distribution).


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