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Home International Customs

SOCAR establishes new company in Ukraine

byCT Report
11/08/2016
in International Customs, Ukraine
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KIEV: The representative office of Azerbaijan’s state energy giant SOCAR in Ukraine has recently created a new company for the wholesale and retail sale of liquefied gas, Ukrainian media reported. The new SOCAR LPG company will be headed by Ekaterina Tamrazova, according to the report. Founders of the company are Galickaya Oil Company and Trading House SOCAR Ukraine Trading House.

Highlighting her appointment Tamrazova told NefteRynok website that the newly created company is a result of the strengthening gas constituent in the Ukrainian representation of SOCAR. The company made its debut during the last auction carried out by the Ukrgasdobicha on August 4, where SOCAR acquired some 42 tons of liquefied gas for newly-established SOCAR Ukraine LPG. The company was registered in early July 2016 in Ukraine’s Cherkassy city. Tamrazova officially took the office on August 1, 2016. Previously, Tamrazova was in charge of the compressed natural gas (CNG) in SOCAR Ukraine.

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SOCAR, which opened its representation in Ukraine in 2008, is currently represented by SOCAR Energy Ukraine, the network of 58 refueling stations. The main activity of SOCAR Energy Ukraine is to improve the network of petrol filling stations and organize wholesale of petrol and oil products in the territory of Ukraine. The filling stations are operating under the SOCAR brand in the Kyiv, Odessa, Lviv, Nikolaevsk, Rovensk, Cherkasy, Khmelnytsky and Poltava regions of Ukraine.

SOCAR exported 389,220 tons of diesel fuel in the first half of 2016 as compared to the volume of 491,850 tons in the same period of 2015. SOCAR is involved in exploring oil and gas fields, producing, processing, and transporting oil, gas, and gas condensate, marketing petroleum and petrochemical products in domestic and international markets, as well as, supplying natural gas to industry and the public in Azerbaijan.

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