OREANDA-NEWS. May 05, 2010. “On improvement of mechanism of petrochemical industry management” has been completed.

SOCAR informs that the decree from 22 April amended the decree from 24 January 2003 on SOCAR structure improvement. Under the newly-issued decree, sub-company Azerikimya was established in SOCAR structure. That allowed SOCAR president Rovnag Abdullayev to endorse the structure of the new sub-company by order #58 from 28 April. This order deprives a range of structural units of the former national chemical operator (factories of surface-active reagents and of organic synthesis, Sumgait Mechanical Repairs Plant and Design Institute) of legal entity status. Structural units (not having legal entity status) of the new sub-company were established on their basis – Factory of Surface-Active Reagents, Factory of Organic Synthesis, Mechanical Repairs Plant and Chemical Scientific & Design Institute.

Under the order, an ethylene-propylene factory was set up on the basis of synthesis-rubber and ethylene-propylene factories. It also has not status of legal entity. Besides, Repairs & Building Department, Department of Transport & Special Equipment and Warehouse Department were set up in the Azerkimya’s structure.