31 C
Belgrade
Supported byspot_img
spot_img

SOCAR names Romania as priority destination for investments

Member of Europium Groupspot_img
Supported byspot_img

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.

Supported by

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

Supported byElevatePR Digital

Related News

CATL explores $1.5 billion fund to boost global battery supply chain

China's Contemporary Amperex Technology (CATL), the world's largest electric vehicle battery manufacturer, is in discussions with overseas sovereign wealth funds and private offices of...

Securing Europe’s critical raw materials: Addressing funding challenges for sustainable extraction

Bernd Schäfer, CEO of EIT Raw Materials, advocates for substantial investment in Europe's mining sector following the implementation of the Critical Raw Materials Act...

Strengthening global sustainability: The SCMA and critical minerals for climate goals

Canada's Minister of Energy and Natural Resources, Jonathan Wilkinson, together with Sweden's Minister for Energy, Business and Industry, Ebba Busch, announced Sweden's accession to...

Nickel mining and the green energy challenge: Balancing supply with environmental responsibility

Nickel is poised as a critical element in the global shift towards green energy, yet its extraction poses significant environmental challenges, recently highlighted by...
Supported by
Supported by
Supported by
error: Content is protected !!