SOCAR studies business expansion opportunities in Romania


September 22, Fineko/ The State Oil Company of Azerbaijan (SOCAR) is considering various opportunities to expand its business in Romania, where it has good business relations and market positions.

ABC.AZ reports that Azerbaijani Energy Minister Parviz Shahbazov said at the V Romanian International Gas Conference in Bucharest.

"SOCAR owns a large network of gas stations in Romania, their number reaches 67, and other oil products enterprises. The company has plans to expand the number of gas stations," Shakhbazov stated.

SOCAR is also in talks about the possibility of participating in other segments of the oil and gas business, in particular in oil refining, the minister said, answering the moderator's question about plans to purchase a processing plant in Romania.