SOCAR not plan to develop own refinery in Ukraine

SOCAR (State Oil Company of Azerbaijan) has no plans to consider the issue to develop its own refining capacity in Ukraine in the short-term period, SOCAR President Rovnag Abdullayev said at the opening of the first petrol station of SOCAR in Kiev, Prime-TASS reported.

Abdullayev said that Ukraine has a large processing capacity, and therefore, there is no need to build new refineries. However, he said that SOCAR does not reject the plans to build a refinery in Ukraine or participate in existing plants.

"The issue that we do not consider the question of developing our own processing capacity in the short-term period does not mean that we do not envisage this possibility at all," said Abdullayev.


/Trend/