SOCAR looks to buy stakes in Egyptian refineries
"We would like to widen our activities in Egypt, particularly to buy stakes in refineries there and participate in Egypt's oil refining," SOCAR's president Rovnag Abdullayev told reporters.
Azerbaijan's state-run energy company SOCAR is interested in buying stakes in refineries in Egypt, according to a new report this week from Reuters.
"We would like to widen our activities in Egypt, particularly to buy stakes in refineries there and participate in Egypt's oil refining," SOCAR's president Rovnag Abdullayev toldreporters.
Abdullayev made his comments after his return from a recent trip to Egypt, where he discussed energy sector cooperation with Egyptian officials.
Azerbaijan is currently exporting about 1 MMtpy of oil and refined products to Egypt.
Source: http://www.hydrocarbonprocessing.com/Article/3505695/Latest-News/SOCAR-looks-to-buy-stakes-in-Egyptian-refineries.html
