Georgia: SOCAR Maintains Fuel Distribution Development
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Wednesday, 04 February 2009 |
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State Oil Company of Azerbaijan Republic (SOCAR) through its Socar
Energy Georgia (SEG) LLC continues realizing its long-term plans on
opening of petrol stations under SOCAR brand in Georgia.
SEG head Mair Mammadov says that after recent opening of a new filling station SOCAR network now consists of 21 petrol stations in Georgia. “The network expansion will continue in 2009 as well. Following 2009 we intend to bring our network in this country up to 32-35 stations,” Mammadov said. The Company met fully its plans on SOCAR brand network in Georgia.
Following 2008 SOCAR wanted to have 60% share at the Georgian market of retail sale of petrol and diesel fuel. At the same time SOCAR is the most dynamically developing network of petrol stations in Georgia.
The network will use by 80% petroleum products supplied from Baku and only high-octane petrol will be imported from other countries. Network of 19 petrol stations will allow increase sharply SOCAR’s share at the Georgian market of oil products.
SOCAR supplies to Georgia on average 20,000 tons of oil products a month, including 15,000 tons of petrol.
SOCAR investments in Georgia have exceeded $400 million. Through its subsidiary SOCAR intends to expand its activity on whole oil sector of Georgia. SOCAR has a 51% stake in Socar Energy Georgia LLC and the rest belongs to Georgian partners.
PetrolWorld 010209
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