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Estonian Railways ex-CEO planning back office unit for Azerbaijan’s oil co

Sulev Loo, former CEO of Estonian Railways, established a company by the name Socar Trading Services Tallinn OU on Friday that he intends to launch as a provider of accounting and financial services to Azerbaijan's state owned oil trading company Socar Trading.

“The name of the company says it all. The plan is to have a Socar back office, or accounting services, risk management here,” Loo said in his answer to a question from BNS.

Socar Trading Services Tallinn OU has posted ads on the recruitment portal Cvkeskus searching for IT professionals and accountants.

Loo was CEO of the Estonian state owned rail infrastructure company Estonian Railways from 2015 to 2017.

State Oil Company of Azerbaijan Republic, or Socar, is Azerbaijan’s state owned oil company that engages in the production and sale of oil.

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