SO­CAR Ro­ma­nia plans to spend 50 mil­lion eu­ros in 2013

Azer News - - BUSINESS - By Gulgiz Dadashova

OCAR Ro­ma­nia, which rep­re­sents Azer­bai­jan's state en­ergy com­pany SO­CAR, has an­nounced that its 2013 bud­get is planned at the level of 50 mil­lion eu­ros.

The com­pany said it plans to ex­pand its op­er­a­tions and open fill­ing sta­tions in key cen­ters of Ro­ma­nia by the end of 2013.

"The in­vest­ment plan, the num­ber of sta­tions and the rate of growth in 2013 de­pend on the growth dy­nam­ics of the fuel mar­ket of Ro­ma­nia and bu­reau­cratic pro­cesses," the com­pany re­ported.

SO­CAR Ro­ma­nia re­cently com­mis­sioned its 16th fill­ing sta­tion in the Ro­man city of Neamt re­gion. The next SO­CAR gas sta­tions will be opened in Foc­sani and Ad­jud cities.

Speak­ing at the cer­e­mony, CEO of SO­CAR Ro­ma­nia Hamza Ka­ri­mov said the com­pany has al­ready started work­ing in Arad, Sibiu and other key cen­ters of Ro­ma­nia to en­sure that its net­work is avail­able to all Ro­ma­nian con­sumers.

"Most likely we will fin­ish the year with tens of mil­lions of eu­ros in­vested in the SO­CAR sales net­work and gas sta­tions across the north-eastern part of the coun­try, " Ka­ri­mov said.

SO­CAR en­tered the Ro­ma­nian mar­ket by buy­ing lo­cal fill­ing sta­tions from Rom­transpetrol and re­brand­ing them in 2011. The com­pany cur­rently has a net­work of 16 fill­ing sta­tions in Iasi, Bo­to­sani, Suceava and Neamt and is one of the most im­por­tant play­ers on the fuel dis­tri­bu­tion in the north­east of Ro­ma­nia. As of early July, the com­pany has cre­ated in Ro­ma­nia over 235 jobs and made in­vest­ments of about 30 mil­lion eu­ros.

SO­CAR is in­volved in ex­plor­ing oil and gas fields, pro­duc­ing, pro­cess­ing, and trans­port­ing oil, gas, and gas con­den­sate, mar­ket­ing pe­tro­leum and petro­chem­i­cal prod­ucts in the do­mes­tic and in­ter­na­tional mar­kets, and sup­ply­ing nat­u­ral gas to in­dus­try and the pub­lic in Azer­bai­jan. Three pro­duc­tion di­vi­sions, two oil re­finer­ies and one gas re­fin­ery, an oil tanker fleet, a deep wa­ter plat­form fab­ri­ca­tion yard, two trusts, one in­sti­tu­tion, and 22 sub­di­vi­sions are op­er­at­ing as cor­po­rate en­ti­ties un­der SO­CAR.

The com­pany an­nu­ally in­vests bil­lions of dollars in trans­port in­fra­struc­ture and is in­volved in key projects de­signed to in­crease Europe's en­ergy se­cu­rity.

It owns gas sta­tions in Azer­bai­jan, Switzer­land, Ge­or­gia and Ukraine. It has rep­re­sen­ta­tive of­fices in Ge­or­gia, Turkey, Ro­ma­nia, Aus­tria, Switzer­land, Kaza­khstan, Bri­tain, Iran, Ger­many and Ukraine and trad­ing com­pa­nies in Switzer­land, Sin­ga­pore, Viet­nam, Nige­ria, and other coun­tries.

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