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SOCAR Midstream and FChain to start cooperation in Georgia

SOCAR Midstream and FChain to start cooperation in Georgia

We are pleased to inform about FChain cooperation with SOCAR Midstream in Georgia.

SOCAR Midstream Operations is an affiliate Company of SOCAR established under the direction of the President of the Azerbaijan Republic and SOCAR President to represent Azerbaijan’s strategic shareholding and its interests in onshore oil and gas export pipelines and facilities.

On March 29 technical operatorship of the South Caucasus Pipeline (SCP) was transferred from BP Exploration (Shah Deniz) Limited to SOCAR Midstream Operations Limited, an affiliate company of SOCAR.

SOCAR Midstream is functioning for providing shareholder governance of the South Caucasus Pipeline (SCP), Baku-Tbilisi-Ceyhan BTC), as well as Trans Anatolian Natural Gas Pipeline (TANAP) and Trans Adriatic Pipeline (TAP), facilitating the commercial and technical future broadening of SCP system, acting in the capacity of Commercial Operator of the SCP and also a technical advisor for the SOCAR Upstream Management International, providing commercial and technical operational management oversight of the TANAP and so on.

On August 1, 2021 FChain Financial Corporation and SOCAR Midstream signed a contract on Payroll services including:

rendering full services in accountancy and technical issues relating to payroll automation;
preparing paperwork ready to pass any unscheduled inspections of authorities;
attracting more qualified employees;
calculation of decade, monthly, quarter and annual accounting periods;
preparing transparent and accurate accruals, deductions and incentives;
conducting detailed analysis of the current payroll documentation and developing a strategy for realization of a new automated system of payroll;
preparing correct payroll calculation and reports for salary and so on.

We are absolutely sure the FChain professional team to cope with their work and prove FChain staff to be one of the best. We wish both SOCAR Midstream and FCHAIN a long-term cooperation and enjoy working together as one team in a friendly country, Georgia.