Exxon Mobil (USA) has allowed the State Oil Company of the Azerbaijani Republic (SOCAR) to expand business in Switzerland to 160 petroleum stations launched by mid-2013.
The first petroleum station of SOCAR in Switzerland was launched in Zurich in September. Exxon Mobil passed assets of Esso Switzerland worth $330 million to SOCAR. The latter also purchased Esso Schweiz GmbH, a Swiss branch of Exxon Mobil, in November 2011.
SOCAR has a fuel-distribution network in Switzerland, a gas factory in Wangen bei Olten and fuels planes in Geneva and Zurich.
