SOCAR Trading closes Canada office
“It was not clear if any staff would relocate to Houston,” says the report.
“SOCAR Trading also said in the letter that while the plans do not affect any current business, it would likely reduce the scope of some of its activities over the coming months. It added that it would continue to operate “business as usual” to meet any physical and financial commitments.”
Geneva-based SOCAR Trading was set up in 2007 as the marketing arm of Azerbaijan’s national oil company.