SINGAPORE, Oct 12 (Reuters) - Socar Trading expects deals totalling $1.5 billion in oil refinery and storage investments globally to be concluded within 12 months, chief executive of the Azeri state-owned oil trader said on Tuesday.
"We are working on some projects already and we started this process 1-½ years ago," Valery Golovushkin told Reuters on the sidelines of the Asia Pacific Petroleum Conference (APPEC).
He said that the firm is looking at downstream projects with good return on capital in Asia and Europe.
"We are looking at certain refining business and geographically we are not limited," he added. (Reporting by Yaw Yan Chong, Florence Tan and Luke Pachymuthu, Editing by Ramthan Hussain)