VP: Over half of SOCAR’s contracts account for Azerbaijani companies
By Trend
About 56 percent of the contracts that Azerbaijan’s state oil company SOCAR concluded from 2015 to February 2019 with subcontractors, manufacturers and suppliers account for Azerbaijani companies, SOCAR Vice President for strategic development Tofig Gahramanov told reporters in Baku, Trend reports April 8.
Commenting on the opening of the new website, where SOCAR will post information about the needs for equipment, services and materials for small and medium-sized enterprises (SMEs), he noted that this is a great achievement.
“From now on, support for local production will reach a new level, and local companies will participate more actively in projects,” he said.