SOCAR Petroleum to increase capital
By Trend
Azerbaijan’s Financial Market Supervisory Authority (FIMSA) has registered the issue of shares of SOCAR Petroleum CJSC amounting to almost 53.9 million manats ( $ 29.8 million).
The nominal value of each of the 179,617 shares is 300 manats ($166), FIMSA reported on January 11.
SOCAR Petroleum CJSC was established in 2008. The company owns a network of filling stations and also carries out gross sale and retail sale of oil products.
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