SOCAR intent to broaden business in Ukraine

The State Oil Company of Azerbaijan (SOCAR) intends to continue developing its business in Ukraine, despite unstable political and economic situation in the country.

The company plans to expand its filing station complex network in Ukraine by 50 percent by autumn 2014. Additionally, it is expected to open new complexes in those provinces of Ukraine where the company wasn't previously represented, SOCAR Energy Ukraine said.

SOCAR filling station complexes have already begun its operation in Kiev, Odessa, Lviv, Mykolayiv, Rivne, Cherkasy, Khmelnytsky, and Poltava provinces of Ukraine. The company imports oil products corresponding to Euro-5 standards from leading refineries of Poland, Lithuania and Belarus.

SOCAR continues to steadily develop its filling stations network both in the capital of Ukraine and its regions, and provide the population with quality European oil products in order to strengthen its position in Ukraine's fuel market.

SOCAR invested over $160 million in the development of business in Ukraine from 2009 to 2013.

The company's investments in social and charitable initiatives in this country were equal to over $5 billion during the mentioned period.


/AzerTAc/