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20.09.2013 10:02

SOCAR invests $2.9 bln in foreign countries

State Oil Company of Azerbaijan has invested $2.9 bln in foreign countries so far, said the SOCAR Vice-President for Economic Issues Suleyman Gasimov.
He says these include investments in Turkey, Ukraine, Georgia, Switzerland and other countries: The projects under implementation by SOCAR abroad are being financed gradually. For example, worth of SOCARs subsidiary company in Turkey Star is $ 5 bln. Of this, 41.5% belongs to SOCAR.
Commenting on domestically investing by SOCAR, Gasimov said thatAZN1 mln is invested in each of the domestic projects implemented by SOCAR per year: this includes drilling of oil-gas wells, construction of platforms, pipelines and other projects.

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