Georgia: Socar Petrol Retail Brand Opens in Tbilisi
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Thursday, 15 October 2009 |
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Socar Energy Georgia (SEG) LLC of the State Oil Company of Azerbaijan
Republic continues implementing its long-term plans to open petrol
stations under SOCAR brand in Georgia.
SOCAR has announced that SEG opened a new petrol station in Tbilisi
this week. “The company intends to open another 5 petrol stations
in Georgia by the end of year,” it was informed. Up until that
time, SOCAR network numbered 23 petrol stations in Georgia. It planned
to increase the number up to 33-35 filling stations.
Last year, the company met fully its plans on SOCAR brand network in
Georgia. Summarizing the results of 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. The
network will enable increasing sharply SOCAR’s share at the Georgian
market of oil products. SOCAR supplies to Georgia on average 20,000
tons of oil products per 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 131009
20th August 2009 - No Date Set for Socar Brand Service Station Opening
2nd July 2009 - Socar Expands Service Station Network
4th Feb 2009 - Georgia: Socar to Maintian Fuel Distribution Expansion
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