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SOCAR willing to acquire stakes in Egypt’s oil refineries

by ChemOrbis Editorial Team - content@chemorbis.com
  • 11/11/2015 (17:11)
According to media reports, Azerbaijan’s state oil company SOCAR is interested in acquiring stakes in oil refineries in Egypt, reported SOCAR’s head Rovnag Abdullayev during his meeting with Egypt’s Prime Minister Sherif Ismail on November 9.

Abdullayev reportedly said that Egypt’s well-developed oil and gas industry is a huge market for Azerbaijan and they have been exporting more than 1 million tons/year of oil and petroleum products there. Sherif Ismail also stated that they are ready to support SOCAR’s investments and operations in Egypt.
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