BAKU, Azerbaijan, July 21
Trend:
The total volume of trade of Azerbaijan’s SOCAR Trading with the countries of the African continent for 2020 exceeded 1.5 million tons, Deputy Head of the Public Relations and Events Department the State Oil Company of Azerbaijan (SOCAR) Ibrahim Ahmadov told Trend.
The main trade was for crude oil and condensates, he said.
Headquartered in Geneva, SOCAR Trading was incorporated in December 2007 as the marketing arm of SOCAR with a mandate to market Azerbaijani barrels produced from the Azeri-Chirag-Guneshli field and other surrounding fields in Azerbaijan.
SOCAR Trading has a number of offices that aid its global growth. The company relies on its 5 main trading offices strategically located in international trading hubs such as Geneva, London, Singapore, Dubai and Houston in addition to several representative offices.
Geneva is the center of SOCAR Trading's operations.
SOCAR Trading’s second largest office is located in Singapore where the company markets Azerbaijani crude in the East as well as trade different products and continue to develop business with its Asian partners.
From Dubai, SOCAR Trading develops business in several locations in the Arabian Gulf and East Africa regions.
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