Azerbaijani SOCAR Reviews Its Participation In Foreign Investment Projects

(MENAFN- Trend News Agency) BAKU, Azerbaijan, May 24. A meeting of theSupervisory Board of the State Oil Company of Azerbaijan (SOCAR),held by the board's chairman Mikayil Jabbarov, hosted an exchangeof opinions on the company's participation in foreign investmentprojects, Trend reports via SOCAR.

The board approved the company's adjusted budget for 2024.

Additionally, the meeting presented the company's operatingresults for 2023, and approved its audited financial report forlast year.

To note, SOCAR produces oil and natural gas from onshore andoffshore fields in the Azerbaijani segment of the Caspian Sea.

It operates the country's only oil refinery, one gas processingplant and runs several oil and gas export pipelines throughout thecountry. It owns fuel filling station networks under the SOCARbrand in Azerbaijan, Türkiye, Georgia, Ukraine, Romania,Switzerland, and Austria.


Trend News Agency

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