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STATE OIL COMPANY OF AZERBAIJAN REPUBLIC

State Oil Company of Azerbaijan Republic (SOCAR) is one of the largest oil companies in the world. SOCAR is expanding worldwide. It has already established subsidiaries in several countries. In November 2006 SOCAR established own Representation in Georgia.


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09.06.16 Memorandum of cooperation

On June 8, 1 pm in Batumi (46 Baku St.) Minister of Sport and Youth Affairs of Georgia Mr. Tariel Khechikashvili and President of State Oil Company of Azerbaijan Republic Mr. Rovnag Abdullayev signed a Memorandum of cooperation, which implies cooperation between the Ministry and the Company on different issues.
The Company has ongoing long-term, mutually beneficial, successful sponsorship relations with various sports organizations in Georgia (Olympic Committee, Football Federation, Chess Federation, etc.). The Ministry, kindly invited SOCAR to continue its sponsorship activities aimed to facilitate the development of sports in Georgia.
Within one year following the execution of the Memorandum SOCAR intends to attract 200,000.00 Euro and direct mentioned financial resources to the sponsorship activities aimed to facilitate and support the projects and sport activities in Georgia.

     


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