By mid-2013 all 160 former Esso gas stations in Switzerland will operate under the brand of the State Oil Company of Azerbaijan (SOCAR), SOCAR Energy Switzerland's official website reported on Wednesday.
The day before SOCAR commissioned its first gas station in Zurich.
According to the report, SOCAR is a new brand in the energy resources market.
"This is the first entry of the foreign company to the market of gas stations in Switzerland for over 20 years," the report says.
On June 29, the signing ceremony for the Change in Control procedure for purchase of American ExxonMobil's Esso Switzerland assets by SOCAR took place in Zurich, Switzerland. The total COST of the assets acquired by SOCAR in Switzerland is $330 million.
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