Who will manage the SOCAR plants?

16:11 - 30.08.2022


August 30, Fineko/abc.az. The Azerbaijan State Oil Company (SOCAR) aims to increase competitiveness in foreign markets.

According to ABC.AZ, in this regard, the process of transferring processing enterprises operating in the oil and gas processing and petrochemical industries to the management of SOCAR Downstream Management began.

According to the information, at present, in accordance with international practice, operational management mechanisms, a single technological process have been created, sustainable operation of the SOCAR processing chain has been ensured, the competitiveness of finished products has been provided, and also in order to strengthen stricter compliance with labor protection, safety and environmental protection standards (HSE), the process of transferring other processing enterprises of SOCAR's oil and gas processing and petrochemical industries to the management of SOCAR Downstream Management has started, taking into account legislation and charters.

Among these processing enterprises are the Azerkimya Production Association, a carbamide plant, a methanol plant, SOCAR Polymer, and a gas processing plant.

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