AZERBAIJAN AUCTIONING OFF GASOLINE STATIONS.
Publication: Monitor Volume: 2 Issue: 59
The first auction of state-owned gasoline stations is being held in Baku today. Approximately 800 stations are to be privatized for cash under the program. The revenue is expected to accrue partly to the state budget and partly to a specially created fund for post-privatization support of the new owners, mainly through creating a market infrastructure. (Petroleum Information Agency, March 25). Until now a monopoly of the State Committee for Fuel, this sector of the oil industry (with its highly lucrative potential) has been singled out for early privatization as a major component of Azerbaijan’s nascent private sector. Storage facilities and the wholesale gasoline trade are, however, likely to remain under the control of the State Oil Company of Azerbaijan (SOCAR), which also controls oil extraction and refining.
The Monitor is a publication of the Jamestown Foundation. It is researched and written under the direction of senior analysts Jonas Bernstein, Vladimir Socor, Stephen Foye, and analysts Ilya Malyakin, Oleg Varfolomeyev and Ilias Bogatyrev. If you have any questions regarding the content of the Monitor, please contact the foundation. If you would like information on subscribing to the Monitor, or have any comments, suggestions or questions, please contact us by e-mail at email@example.com, by fax at 301-562-8021, or by postal mail at The Jamestown Foundation, 4516 43rd Street NW, Washington DC 20016. Unauthorized reproduction or redistribution of the Monitor is strictly prohibited by law. Copyright (c) 1983-2002 The Jamestown Foundation Site Maintenance by Johnny Flash Productions