Exxon Mobil USA has allowed the State Oil Company of the Azerbaijani Republic 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 USD 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.