SOCAR appoints ex-Georgian economy minister to lead Italiana Petroli PHOTO

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