SOCAR Ge­or­gia dis­closes fu­ture plans

Azer News - - Business - By Narmina Mam­madova

S"This work is re­lated to the re­forms that are car­ried out in Ge­or­gia after the sign­ing of an as­so­ci­a­tion agree­ment with the EU," the com­pany.

"The agree­ment en­vis­ages bring­ing the Ge­or­gian leg­is­la­tion in line with Euro­pean norms," the com­pany said. "First of all, the re­forms were car­ried out in the en­ergy sec­tor."

"To­day one of the most at­trac­tive global trends is the con­cept of smart cities," SOCAR Ge­or­gia com­pany said. "The util­i­ties sec­tor is an in­te­gral part of this con­cept."

"Our com­pany has al­ready in­vested in the de­vel­op­ment of var­i­ous modern so­lu­tions re­cently, which are planned to be im­ple­mented in 2019," the com­pany said. "Among these so­lu­tions are the Geo­graphic In­for­ma­tion Sys­tem [a sys­tem for col­lect­ing, stor­ing, an­a­lyz­ing and vi­su­al­iz­ing spa­tial data and re­lated in­for­ma­tion about the nec­es­sary ob­jects], cus­tomer re­la­tion­ship man­age­ment sys­tem, mo­bile ap­pli­ca­tions for field staff based on An­droid, a plat­form for dis­tance learn­ing of spe­cial­ists and oth­ers," SOCAR Ge­or­gia noted.

SOCAR Ge­or­gia stressed that a big mul­ti­func­tional com­plex is planned to open in Ter­jola, Ge­or­gia in 2019.

"The com­plex will sell all types of fuel, namely, diesel, gaso­line, CNG, LPG, fast charger for elec­tric ve­hi­cles," the com­pany said. "Shops and in­ter­na­tional fast food brands such as Wendy’s and Dunkin’ Donuts will be lo­cated here."

The com­pany’s ac­tiv­ity has rapidly in­ten­si­fied re­cently by in­creas­ing its pres­ence in the mar­ket and this growth will con­tinue in the fu­ture, but not so rapidly, as the pen­e­tra­tion rate in Ge­or­gia has reached 78 per­cent.

The com­pany in­tends to fo­cus on in­creas­ing the share of premium prod­ucts in the sales port­fo­lio in the oil prod­uct mar­ket in 2019 and greatly ex­pand the non-fuel busi­ness with the Way Mart brand.

SOCAR is a wholly state-owned na­tional oil com­pany head­quar­tered in Baku, Azer­bai­jan. The com­pany pro­duces oil and nat­u­ral gas from on­shore and off­shore fields in the Azer­bai­jani sec­tion of the Caspian Sea.

The com­pany in­cludes three pro­duc­tion asso­ciations, one oil re­fin­ing and gas pro­cess­ing en­ter­prise, an oil flotilla, a deep-wa­ter base plant, two trusts, one in­sti­tute, and 23 struc­tures.

The State Oil Com­pany of Azer­bai­jan (SOCAR) es­tab­lished joint com­pa­nies (in­clud­ing Ge­or­gia and Turkey), al­liances, op­er­at­ing in var­i­ous sec­tors of oil and gas spheres. It has rep­re­sen­ta­tive of­fices in Ge­or­gia, the U.S., Turkey, Ro­ma­nia, Aus­tria, Switzer­land, Kaza­khstan, Great Britain, Iran, Ger­many, Ukraine, Bel­gium and Canada.

SOCAR launched its ac­tiv­ity in Ge­or­gia in 2006. In the same year, the Kulevi oil ter­mi­nal was pur­chased to trans­port oil to the western mar­kets.

SOCAR ex­ports gas be­ing ex­tracted at Azer­bai­jani fields through its own funds to Ge­or­gia with­out par­tic­i­pa­tion of for­eign com­pa­nies. More­over, Ge­or­gia re­ceives Azer­bai­jani gas ex­tracted at Shah Deniz off­shore field with par­tic­i­pa­tion of SOCAR and for­eign com­pa­nies.

SOCAR has a well-de­vel­oped global net­work of petrol sta­tions (gas sta­tions) of the SOCAR brand.

On Au­gust 30, SOCAR Ge­or­gia Pe­tro­leum, a sub­sidiary of SOCAR En­ergy Ge­or­gia LLC (a struc­ture of SOCAR), com­mis­sioned a new petrol sta­tion. A gas sta­tion that meets modern stan­dards has been opened in the vil­lage of Gyzyl­gadzhili, Marneul­sky dis­trict of Ge­or­gia.

SOCAR Ge­or­gia Pe­tro­leum ac­counts for 115 pe­tro­leum sta­tions, 16 ser­vice cen­ters and 15 oil ter­mi­nals in the Ge­or­gian mar­ket, or­ga­nizes re­tail and whole sale of oil prod­ucts of the third par­ties. SOCAR Ge­or­gia Gas sup­plies and dis­trib­utes nat­u­ral gas in the coun­try's re­gions, man­ages lo­cal net­works and serves more than 670,000 sub­scribers.

The to­tal amount of SOCAR Ge­or­gia’s in­vest­ments reached $57.38 mil­lion in Jan­uary-Novem­ber 2018.

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