SOCAR says it has no assets in

24 November 2024

SOCAR says it has no assets in Montenegro

16:12 27 October 2015 Read: 1224

SOCAR says it has no assets in Montenegro

SOCAR has no assets in Montenegro, SOCAR vice-president Suleyman Gasimov said.

Gasimov added that SOCAR “gave” its tourism-resort complex, which purchased in 2011 in Kumbor Island, to the “partners”. The partner will be named soon.

SOCAR reportedly plans to open bank in Montenegro. Central Bank of Montenegro is expected to grant license to SOCAR.

SOCAR’s tourism-resort complex is estimated at $281.2 mln. The project is implemented by SOCAR’s daughter company Azmont Investments.

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