Azerbaijani SOCAR wants to expand in Romania

April 18, 2014

Azerbaijan's state energy company SOCAR has great potential to expand its activities in Romania, Azerbaijan's Energy Minister Natig Aliyev said during a meeting with newly appointed Romanian Economy Minister Constantin Nita, Azernews reported on April 17.

Together with SOCAR President Rovnag Abdullayev, Aliyev led the Azerbaijani delegation which visited Romania on April 14.

Noting that SOCAR's filling stations had been operating in Romania, he said the company was interested in increasing the number of those stations.

He also spoke about the possibility of implementing joint projects with Turkish Petkim oil-chemistry complex and Romanian Oltchim chemistry plant.

In his remarks, the SOCAR head touched upon the current state of trade turnover between Romania and Azerbaijan, and said SOCAR's trade in Romania amounted to €270 million.

Nita, in turn, spoke about bilateral relations and strategic partnership between the two countries, and gave information about the country's economic achievements.

The minister called the activities of the SOCAR office fruitful, and expressed hope that apart from building new filling stations, SOCAR will also show interest in drilling, oil producing, and other fields.

Copyright: Azernews, 2014