SOCAR Turkey to increase investments – Turkey, 21 July 2016

Vagif Aliyev, Chairman of the Board of SOCAR Turkey, local subsidiary of the State Oil Company of Azerbaijan (SOCAR), announced that the company will continue to invest in Turkey even after the failed coup on 15 July and stressed that this event will not damage the investments in Turkey.
Aliyev said that SOCAR’s investment in Turkey totaled over 18 billion dollars, including the projects that will help Europe to increase energy security and diversify sources of energy, adding that the company has over 40,000 employees in the country. SOCAR’s partners are also determined to continue operations in Turkey and trust in Turkey’s economy and stability, Aliyev concluded.

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