BAKU, Azerbaijan, September 4. SOCAR Georgia
Petroleum, a subsidiary of the State Oil Company of Azerbaijan
(SOCAR) in Georgia, has imported the first batch of gasoline from
Italiana Petroli, a member of the SOCAR Group.


This was announced in a report by SOCAR Georgia Petroleum.


The company noted that the 5,000-ton cargo, which complies with
the EN 228 standard, is the first direct supply transaction between
the two companies after the acquisition of Italiana Petroli by
SOCAR Group.


According to the information, the import of 5,000 tons of
high-quality gasoline complies with the European EN 228 standard
and was delivered to Georgia by a ship owned by SOCAR.


"This is the first commercial supply transaction between SOCAR
Georgia Petroleum and Italiana Petroli after SOCAR acquired 99.82
percent of the Italian company's shares from API Holding. The
transaction is a practical result of the expansion of cooperation
within the group, the approach of combining refining, marine
logistics, local distribution and retail activities into a single
international downstream value chain. In terms of the Georgian
market, this transaction allows diversifying fuel supply sources
and increasing the reliability of fuel supply," the report
said.


Being part of the SOCAR Group creates added value in terms of
the experience and capabilities in one market creating real results
in another.


"By combining Italiana Petroli's refining expertise and quality
control capabilities with SOCAR's international logistics and local
distribution infrastructure, we are further diversifying our fuel
supply portfolio in Georgia. For local customers, this means
continued reliable access to high-quality fuel in line with our
adopted European standards," Director of SOCAR Georgia Petroleum
Nodar Kanchaveli said.


According to the report, the acquisition of Italiana Petroli,
which was completed on May 8, 2026, further expanded SOCAR's
downstream operations in Europe. Italy is not SOCAR's first market
in Europe. The Group also has operations in Switzerland, Austria
and Romania. The broader regional geography of operations includes
Türkiye and Ukraine.


Georgia holds a special place in SOCAR's international
development. SOCAR Energy Georgia was SOCAR's first subsidiary
established outside of Azerbaijan in 2006. The first SOCAR-branded
gas station outside of Azerbaijan was also opened near Rustavi.







On September 23, 2025, during the second day of the 1st
Azerbaijan International Investment Forum in Baku, SOCAR signed a
tripartite share purchase agreement with Italiana Petroli S.p.A and
MIP S.p.A.


The agreement was signed by SOCAR President Rovshan Najaf and
Chairman of the Board of Italiana Petroli S.p.A Ugo Brachetti
Peretti.


The deal holds significant importance for deepening
international cooperation in Azerbaijan’s energy sector and for
expanding SOCAR’s strategic partnerships.


Ugo Brachetti Peretti, Chairman of the Board of Italiana Petroli
S.p.A., told Trend that Azerbaijan and SOCAR can bring new
investments, modern approaches, and valuable experience to Italy as
a whole.


Peretti expressed satisfaction with the collaboration, noting
Azerbaijan’s strategic importance in the Mediterranean region for
gas, crude oil, and petroleum product production.


"Azerbaijan is one of the key countries in the region, with
significant credibility and influence in this sector. We are very
pleased to establish this cooperation with Azerbaijan," he
added.


SOCAR completed the acquisition of 99.82% of the shares of
Italiana Petroli on May 8, 2026, after obtaining all necessary
regulatory approvals.