SOCAR to increase investment in Romania

Azerbaijan's state oil company Socar is looking at ways to increase its investments into Romania's energy sector. Socar currently operates a network of 30 petrol stations across Romania, and is planning to open at least 10 more by the end of 2015.However, Hamza Karimov, CEO of Socar Romania, told the Business Review Foreign Investors Summit in Bucharest on October 14 that the downstream segment is not SOCAR's main area of activity. The investment into its petrol ...

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