Baku 15° C
SOCAR increases share in its Georgian subsidiary to 92%
Energy
- 01 July, 2021
- 12:46
In 2020, the State Oil Company of Azerbaijan (SOCAR) increased its share in the Georgian subsidiary, SOCAR Energy Georgia, from 75.5% to 91.8%, Report informs, citing the SOCAR's consolidated financial statements for last year.
SOCAR Energy Georgia has been operating since 2006. During this period, the company has invested more than $ 1.2 billion in the Georgian economy and paid $ 1.7 billion in taxes to the state treasury. Today, the company serves more than 770,000 gas consumers throughout Georgia. 111 filling stations are operating under the SOCAR brand in the country.
Author
Latest News
14:18
Photo
Two buildings collapse in Istanbul's Fatih district
Region13:57
Heydar Aliyev International Airport achieves another milestone in global rankings
Business13:41
Six dead as Qatar military helicopter crashes after 'technical malfunction'
Other countries13:09
Media: US allies not ready to support military operation in Iran
Other countries12:38
Musk announces 'Terafab' to internalize Tesla and SpaceX chip production
ICT12:18
Photo
Azerbaijani delegation arrives in Tbilisi for Ilia II funeral
Foreign policy11:52
Iran and Oman foreign ministers discuss regional tensions
Region11:34
Ali Mousavi: Ship movement in Strait of Hormuz must be coordinated with Iran
Region11:10
Photo