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SOCAR Press Service Statement

Source: www.gulfoilandgas.com 5/14/2015, Location: Asia

We strongly dispute the characterization that SOCAR secretly played a role in the May 2013 conference in Baku. At no time did SOCAR hide from the attendees of the conference our involvement - as the story notes, SOCARís logo and name was presented prominently in Baku at the conference. SOCAR has never been under investigation in this matter because the responsibility for disclosing SOCARís financial support for the conference fell to those who were the tripís public sponsors.

We have cooperated fully with this investigation. We are therefore disappointed that the compliance procedures were not followed correctly by the tripís sponsors and we are unclear why these disclosures were omitted. SOCAR will happily work to address this situation, and looks forward to sponsoring future events to introduce lawmakers to the issues concerning this critical region.

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