Azerbaijan’s state energy company SOCAR has appointed former Georgian Economy Minister Levan Davitashvili as chief executive of Italiana Petroli following its acquisition of a 99.82% stake in the Italian refining and fuel distribution firm.
The appointment comes after SOCAR completed the takeover, marking a significant expansion of its downstream footprint in Europe, Caliber.Az reports per Georgian media.
Davitashvili will be responsible for overseeing Italiana Petroli’s integration into SOCAR’s corporate structure.
By Aghakazim Guliyev
