Friday, 03 December 2021 06:19 GMT

Azpetrol to expand its network of filling stations in 2018


(MENAFN- Trend News Agency ) Baku, Azerbaijan, Nov. 11

By Maksim Tsurkov – Trend:

Azpetrol Ltd., the biggest operator of the network of filling stations in Azerbaijan, plans to expand its filling stations network in 2018, said the company's Director General Jeyhun Mammadov in an interview with Caspian Energy.

Mammadov said that currently, the company has three fuel depots, the truck fleet and the network of petrol and gas stations.

Besides the basic services, the company offers additional services such as car washing, cafes, shops, motels and others, he added.

'At present, the company operates 83 petrol stations and 5 gas stations, which cover the main economic zones of Azerbaijan. At the moment, active preparations are being made for commissioning the second petrol station in the Siyazan district of the Republic of Azerbaijan. In 2018, the works will be completely finished,' noted the director general.

Mammadov also commented on the possible increase in gasoline prices in the future.

'It is very difficult to answer this question because prices for diesel fuel and A-92 gasoline are set according to decisions of the Tariff Council of the Republic of Azerbaijan. As for the price for Premium-Euro-5 gasoline (EN-288), it is formed in the European petrochemicals market and depends on such factors as oil prices, the US dollar exchange rate, transport tariffs, etc. In any case, we try, if possible, to reduce our trading margin in order to make fuel more affordable,' he said.

'Though the number of our filling stations comprises only about nine percent of the total number of gas stations in the country, we keep the initiative of control over more than 50 percent of the fuel market in Azerbaijan. Having the largest network of filling stations, we hold the leading positions among the companies engaged in the retail fuel sales,' said Mammadov.

'One of the major goals of Azpetrol is to maintain its positions in the private sector of the Azerbaijani economy, as well as participate in its further development. We plan to keep improving the activity of the company, covering the regions of Azerbaijan, opening new working places, expanding the scope of services as well as applying advanced technologies,' added the director general.

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