SOCAR on company's effectiveness, driving force
By Trend
President of the State Oil Company of Azerbaijan (SOCAR) Rovnag
Abdullayev talked on the company’s driving force and the factors in
the effectiveness of its work.
“SOCAR’s driving force are the oilmen working in mines and other
fields,” Abdullayev told Trend in an interview September 2.
He mentioned that in some companies, the interference of
unprofessional shareholders in the management affairs results in
the adoption of ineffective decisions. This is while SOCAR’s
shareholder is the Azerbaijani state, he added.
“One of the main factors in the effectiveness of our work is that
President Ilham Aliyev previously worked in the company’s
management,” Abdullayev said.
“He closely follows the company’s current work and development
strategy and guides it. I believe that there are two factors
ensuring SOCAR’s achievement and future prospects: the competent
and farsighted strategic decisions of the president and diligence
of our oilmen,” he added.
SOCAR president also noted that the company’s total capital has
almost doubled since 2007.
Abdullayev highlighted the fact that SOCAR is not alone in the
large projects - the partner companies play an important role in
financing the projects.
“Our recent achievements on financial markets make it possible to
attract funds from outside for a long-term period and with suitable
conditions. As a result, aside from implementing a number of
investment projects, SOCAR is also able to fulfill its financial
obligations to the Azerbaijani state,” Abdullayev said.
---
Follow us on Twitter @AzerNewsAz