Baku 12° C
Minister: 'There is no way for privatization of SOCAR"
Energy
- 01 February, 2016
- 06:26
Add Report.az to preferred Google sources
Stay up to date with the top news!
Baku. 1 February. REPORT.AZ/ Businesses operating in the energy sector are old and they need very big investments. Report informs Azerbaijan's Energy Minister Natiq Aliyev said that to journalists.
According to N. Aliyev him, these institutions can not be privatized by individuals: "'There is no way for privatization of SOCAR. I was said by Mr. President. Only auxiliary structures can be privatized. But these institutions are old and require major investment. About 4 bln USD needed. It can not be done by an individual. However, any other company can do it, or we must find other ways to their privatization."
Author
Nazir: "SOCAR-ın özəlləşdirilməsindən söhbət gedə bilməz"
Министр энергетики Азербайджана: Не может быть и речи о приватизации SOCAR
Latest News
13:54
Deputy Minister: Nearly 176,000 people explored career opportunities at PeşəFest 2026
Social security
13:52
Azerbaijan sets up Blue Zone pavilion for COP31 in Antalya
Ecology
13:46
Photo
Georgian delegation visits special educational institutions under National Defense University
Military
13:38
Azerbaijan's total tax benefits and exemptions to reach AZN 7.6B in 2027
Finance
13:36
Death toll from Russian strike on Kamyshevakha rises to 53
Other countries
13:20
Minister: Education, science spending amounts to 3.8% of Azerbaijan's GDP
Education and science
13:10
First phase of Soltanli village inaugurated in Jabrayil district
Domestic policy
13:07
Hikmat Hajiyev: Azerbaijani Radio played crucial role in dissemination of national values
Media
13:01
Photo
US, Georgia discuss Middle Corridor and infrastructure opportunities
Infrastructure