SOCAR to acquire power plant in Türkiye for $225 million
Azerbaijan's state energy company, SOCAR, has agreed to purchase the Gama Enerji İç Anadolu power plant in Türkiye, with the final deal valued at approximately $225 million.
State Oil Company of Azerbaijan Republic (SOCAR)
Fuel train from Azerbaijan departs for Armenia via Georgia
A freight train carrying oil products destined for Armenia departed from Azerbaijan yesterday's evening, marking the start of direct fuel shipments from SOCAR.
SOCAR, Budapest to jointly develop Shemakhi-Gobustan field
The project will be managed by Hungary's MOL Group, which holds a 65% stake
SOCAR subsidiary tops ranking of foreign investors in Georgia
SOCAR Energy Georgia, a subsidiary of Azerbaijan"s state oil company SOCAR, ranked first among companies attracting the largest volume of foreign direct investment into Georgia.
SOCAR: future of Caspian region belongs to youth
The Caspian region stands at a turning point, SOCAR Vice President Babak Huseynov said at the SPE 2025 Caspian Technical Conference held in Baku today.
Azerbaijan expands oil and gas exports
SOCAR has released data for the third quarter of 2025, revealing an increase in foreign oil and gas supplies.
Gazprom and SOCAR CEOs meet in St. Petersburg
Gazprom CEO Alexey Miller met with SOCAR President Rovshan Najaf in St. Petersburg on Wednesday to discuss potential partnership opportunities.
Baku and Tashkent expanding oil cooperation
Azerbaijan's State Oil Company (SOCAR) and Uzbekistan’s Uzbekneftegaz have signed a memorandum of understanding to boost cooperation on the use of artificial intelligence in the oil and gas sector.
Ilham Aliyev and Steven Witkoff meet in Washington
Azerbaijani President Ilham Aliyev and US Special Envoy Steven Witkoff held discussions in Washington on Thursday during Aliyev's official visit to the USA.
Azerbaijan to start supplying gas to Syria
President of Azerbaijan Ilham Aliyev held a one-on-one meeting meeting with Transitional President of the Syrian Arab Republic Ahmad Al-Sharaa, according to the Azerbaijani president's press service.
SOCAR and Uzbekneftegaz agree on geological exploration cooperation
President of the State Oil Company (SOCAR) Rovshan Najaf held talks with Uzbek Energy Minister Zhurabek Mirzamakhmudov and Chairman of the Board of Directors of Uzbekneftegaz Bakhodirjon Sidigov.
Azerbaijan to start supplying gas to Germany
The State Oil Company of Azerbaijan (SOCAR) and the German SEFE state energy company have inked a 10-year deal to secure a steady stream of natural gas.
ExxonMobil to help SOCAR in exploring onshore oil production
The State Oil Company of the Azerbaijan Republic (SOCAR) and U.S. ExxonMobil Corporation signed a deal agreeing to explore onshore oil and gas production in Azerbaijan.
First oil from Karabakh field expected in 2029
First oil production from Azerbaijan’s Karabakh field is expected in 2029, bp’s Executive Vice President for Production and Operations Gordon Birrell announced.
SOCAR intends to acquire Italian oil company
SOCAR will compete for the right to acquire an Italian oil company in a tender, according media reports.
SOCAR may launch new projects in Albania
Albania is holding discussions with SOCAR on potential new projects, Albania's Deputy Minister of Infrastructure and Energy Ceno Klosi said ahead of the 6th European Political Community Summit in Tirana. …
SOCAR to buy stake in Israeli Tamar project
The State Oil Company of the Azerbaijani Republic (SOCAR) will buy 10% of Israel's Tamar gas field development project, Calcalist reported. The Israeli Competition Authority has approved the sale of 10% of the …
Azerbaijan interested in buying gas power plant in Türkiye
SOCAR intends to acquire a gas power plant in Türkiye. The deal may amount to a quarter of a billion dollars.
Georgia's Kulevi terminal boosts cargo transshipment in 2024
Kulevi oil terminal of Azerbaijan’s state oil company SOCAR transshipped a total of 2.5 million tons of cargo in 2024, the company said. …
Azerbaijan and Israel to produce gas in Malta
The State Oil Company of the Azerbaijani Republic (SOCAR) and Israel's Union Energy & Systems A Ltd. have incorporated a joint venture in Malta for natural gas production activities, Malta's Competition and Consumer Affairs Authority …
