SOCAR names Romania as priority destination for investments

Azerbaijan’s energy giant SOCAR, which is constantly seeking potential markets for investments, sees Romanian market as one of the most promising.

SOCAR Vice President Suleyman Gasimov said that Romania ranks among priority countries for the Azerbaijani investments.

Mentioning that Baku and Bucharest enjoy very good political relations at the highest level, Gasimov said that Romania became the first European country where SOCAR invested.

He emphasized that an analysis of the Romanian market revealed that the country is open for Azerbaijani investments.

SOCAR earlier inaugurated a new fuel station near Bucharest, expanding the network of its filling stations in the country.

The filling station, which is located in Romania’s Ilfov County, became the 35th filling station of the company in the country.

The company entered the Romanian market by buying local filling stations from Romtranspetrol and re-branding them in 2011.

SOCAR operates filling stations under its brand in 17 regions of Romania.

The two countries also cooperate in the implementation of Azerbaijan-Georgia-Romania Interconnector energy project, which is aimed at diversifying the energy supply sources of the European Union and involves the supply of Azerbaijani natural gas to Romania and into Central Europe.

source: azernews.com