SOCAR approves new operating model

The Supervisory Board of the State Oil Company (SOCAR) approved a new operating model to improve the company's management structure and further increase its efficiency.

Report informs referring to SOCAR that at a meeting presided by Mikayil Jabbarov, chairman of the company's Supervisory Board of the company and country's minister of economy, the participants discussed the implementation of SOCAR's budget for 2022 and financial and economic activities. It was emphasized that the company's financial performance increased dramatically last year.

A new operating model to improve the management structure and further increase its efficiency was approved at the meeting.