OREANDA-NEWS. October 22, 2008. The State Oil Company of Azerbaijan Republic (SOCAR) keeps creating daughter enterprises.

The Azerbaijan Republic Ministry of Taxes informed this September it registered SOCAR Petroleum CJSC under One Stop Shot principle with charter capital of AZN 30,000. At the same time 51% of shares are obtained by SOCAR and 49% - by A.P. International LLC (USA).

Also this September it was registered a branch of SAFMAR Oil Company (Russia).