He said the media reports about a possible privatization of the production union are false.
SOCAR includes production associations Azneft (the enterprises producing oil and gas onshore and offshore), Azerkimya (the chemical industry enterprises) and Azerigaz.
The company also has a number of processing enterprises, service enterprises, and institutions involved in geophysical and drilling operations.
SOCAR is the sole producer of oil products in Azerbaijan. It has two oil refineries on its balance sheet, and also owns filling stations in Azerbaijan, Georgia, Ukraine, Romania and Switzerland.
SOCAR is a co-owner of the largest Turkish petrochemical complex, Petkim, and other assets in Turkey. The company is also currently working as part of the supply of Azerbaijan’s gas to Europe.
In this regard, work is underway within the second phase of development of the Shah Deniz gas and condensate field, to expand the South Caucasus Pipeline, and projects are being developed to construct the Trans Anatolian Natural Gas Pipeline (TANAP) and the Trans Adriatic Pipeline (TAP).
SOCAR dismisses report on its production union
19 February 2015
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Azerbaijan
