SOCAR has no assets in Montenegro, SOCAR vice-president Suleyman Gasimov said, APA reports.
According to him, the reports that SOCAR entered banking sector in Montenegro are not true.
Gasimov added that SOCAR "gave” its tourism-resort complex, which it purchased on Kumbor Island in 2011, to the "partners”. The partner will be named soon.
SOCAR reportedly plans to open a bank in Montenegro. The Central Bank of Montenegro is expected to grant a license to SOCAR.
SOCAR’s tourism-resort complex is estimated at $281.2 mln. The project is implemented by SOCAR’s daughter company Azmont Investments.
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