SOCAR Georgia discloses plans for 2019
By Narmina Mammadova
SOCAR Georgia company (the Georgian subsidiary of the Azerbaijani state oil company SOCAR) is learning from the experience of foreign distribution companies to make innovative breakthrough in development, the company told Trend.
"This work is related to the reforms that are carried out in Georgia after the signing of an association agreement with the EU," the company.
"The agreement envisages bringing the Georgian legislation in line with European norms," the company said. "First of all, the reforms were carried out in the energy sector."
"Today one of the most attractive global trends is the concept of smart cities," SOCAR Georgia company said. "The utilities sector is an integral part of this concept."
"Our company has already invested in the development of various modern solutions recently, which are planned to be implemented in 2019," the company said. "Among these solutions are the Geographic Information System [a system for collecting, storing, analyzing and visualizing spatial data and related information about the necessary objects], customer relationship management system, mobile applications for field staff based on Android, a platform for distance learning of specialists and others," SOCAR Georgia noted.
SOCAR Georgia stressed that a big multifunctional complex is planned to open in Terjola, Georgia in 2019.
"The complex will sell all types of fuel, namely, diesel, gasoline, CNG, LPG, fast charger for electric vehicles," the company said. "Shops and international fast food brands such as Wendy’s and Dunkin’ Donuts will be located here."
The company’s activity has rapidly intensified recently by increasing its presence in the market and this growth will continue in the future, but not so rapidly, as the penetration rate in Georgia has reached 78 percent.
The company intends to focus on increasing the share of premium products in the sales portfolio in the oil product market in 2019 and greatly expand the non-fuel business with the Way Mart brand.
SOCAR is a wholly state-owned national oil company headquartered in Baku, Azerbaijan. The company produces oil and natural gas from onshore and offshore fields in the Azerbaijani section of the Caspian Sea.
The company includes three production associations, one oil refining and gas processing enterprise, an oil flotilla, a deep-water base plant, two trusts, one institute, and 23 structures.
The State Oil Company of Azerbaijan (SOCAR) established joint companies (including Georgia and Turkey), alliances, operating in various sectors of oil and gas spheres. It has representative offices in Georgia, the U.S., Turkey, Romania, Austria, Switzerland, Kazakhstan, Great Britain, Iran, Germany, Ukraine, Belgium and Canada.
SOCAR launched its activity in Georgia in 2006. In the same year, the Kulevi oil terminal was purchased to transport oil to the western markets.
SOCAR exports gas being extracted at Azerbaijani fields through its own funds to Georgia without participation of foreign companies. Moreover, Georgia receives Azerbaijani gas extracted at Shah Deniz offshore field with participation of SOCAR and foreign companies.
SOCAR has a well-developed global network of petrol stations (gas stations) of the SOCAR brand.
On August 30, SOCAR Georgia Petroleum, a subsidiary of SOCAR Energy Georgia LLC (a structure of SOCAR), commissioned a new petrol station. A gas station that meets modern standards has been opened in the village of Gyzylgadzhili, Marneulsky district of Georgia.
SOCAR Georgia Petroleum accounts for 115 petroleum stations, 16 service centers and 15 oil terminals in the Georgian market, organizes retail and whole sale of oil products of the third parties. SOCAR Georgia Gas supplies and distributes natural gas in the country's regions, manages local networks and serves more than 670,000 subscribers.
The total amount of SOCAR Georgia’s investments reached $57.38 million in January-November 2018.
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