Thursday, 27 June 2019 04:32 GMT
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Afghanistan eyes to further develop cooperation with SOCAR




(MENAFN - AzerNews) By Leman Mammadova

President of Azerbaijani state oil company SOCAR Rovnag Abdullayev met withAdvisor to the President of Afghanistan for Banking and Finance Ajmal Ahmadi on March 14.

At the meeting, the sides spoke about the history of cultural and political cooperation between Afghanistan and Azerbaijan, the expansion of economic cooperation in the modern era.

Noting that oil products were imported to Afghanistan from abroad, Ajmal Ahmadisaid that they intend to raise cooperation with SOCAR to a new level in order to diversify imports.

The products of SOCAR, such as diesel and kerosene, are already imported by Afghanistan's fuel market. The sides exchanged views on expanding ties at the state level in areas such as fuel imports, and also agreed to hold meetings to clarify opportunities for cooperation. Initial agreement was reached on holding consultations to clarify cooperation opportunities through working groups.

The State Oil Company of Azerbaijan Republic (SOCAR) is one of the world's 50 largest oil companies. SOCAR's mission is to ensure the energy security of the Republic of Azerbaijan.

Established in 1992, SOCAR aimed at manage Azerbaijan's oil resources on the basis of a single state policy, to improve the management structure of the oil industry and to ensure the development of fuel and energy complex.

Three production divisions, one oil refineries and one gas processing plant, a deep water platform fabrication yard, two trusts, one institution, and 23 subdivisions are operating as corporate entities under SOCAR. SOCAR has a significant position in a number of regional and international energy projects.

SOCAR carries out various operations, including sales, transportation and trade operations across all continents in more than 40 countries, among over 100 points of sale. The company is also exploring opportunities to enter new markets and develop operations in existing markets.

Currently, SOCAR is the only producer of oil products in the country, and also operates more than 370 filling stations in Switzerland, Georgia, Romania and Ukraine.

Relations between Azerbaijan and Afghanistan, based on friendship and brotherhood, have strong background.

The Islamic Republic of Afghanistan recognized the independence of the Republic of Azerbaijan on December 21, 1991. The diplomatic relations between the two countries were established on November 16, 1994.

Azerbaijan strongly supports Afghanistan on its path towards reaching stability. The contribution of Azerbaijan to the stability and development of Afghanistan is not restricted in the involvement in NATO operations. Azerbaijan supports the Afghan way of reforms by its assistance in the areas of education, infrastructure and transport development, investments and enhancing the role of women in the society.

Meanwhile, Afghanistan supports the fair position of Azerbaijan in the Armenia-Azerbaijan Nagorno-Karabakh conflict. Afghanistan supports the solution of the conflict on the basis of international law within the territorial integrity of Azerbaijan.

Relations between Azerbaijan and Afghanistan are developing both in bilateral and multilateral formats.

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Leman Mammadova is AzerNews' staff journalist, follow her on Twitter: @leman_888

Follow us on Twitter @AzerNewsAz

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Afghanistan eyes to further develop cooperation with SOCAR

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