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.
State Oil Company of Azerbaijan Republic (SOCAR)
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 …
Azerbaijan exploring "green" hydrogen production potential
SOCAR Green, the green energy subsidiary of the State Oil Company of Azerbaijan, has launched evaluations to explore green hydrogen production potential, the company said. "To assess its feasibility, we have …
SOCAR wants to expand Kulevi Terminal in Georgia
Azerbaijan's state-owned company SOCAR has plans to expand the Kulevi oil terminal, aiming to double the volume of cargo transshipment.
EU considers increasing gas supplies from Azerbaijan
Since December last year, some volumes are being supplied to Slovakia from Azerbaijan
Moscow, Baku, Astana and Tashkent form energy quartet
The State Oil Company of Azerbaijan (SOCAR), Kazakhstan's KazMunayGas, Russia's Tatneft, and Uzbekistan's Uzbekneftegaz have signed several memoranda of cooperation today in …
SOCAR opens first filling station in Shusha
Azerbaijan’s state oil company (SOCAR) has opened its first filling station in Shusha city, the company said. Located on the …
SOCAR's investments in Türkiye exceed $18 billion
SOCAR has invested $18.5 billion in Türkiye over 17 years. The company has contributed to reducing the deficit in the country's energy sector.
Nakhchivan to have new thermal power plant
A new thermal power plant will be built in Nakhchivan, Azerbaijan. State company SOCAR will find potential investors and prepare a project.
SOCAR kicks off gas supplies to Slovakia
The State Oil Company of the Republic of Azerbaijan started gas deliveries to Slovakia, according to the SOCAR website. "The State Oil Company of the Republic of Azerbaijan started gas deliveries to …
SOCAR expands cooperation in Europe
SOCAR has signed a memorandum of understanding with ESM. The document provides for cooperation in strengthening energy security in North Macedonia.
SOCAR and Italgas sign partnership agreement at COP29
A cooperation document was signed between energy companies SOCAR and Italgas during COP29. This will allow them to exchange experience and technologies.
SOCAR and Tatneft explore joint venture
The State Oil Company of Azerbaijan (SOCAR) and Russia's PJSC Tatneft are discussing the possibility of establishing a joint venture for the production of lubricants, General Director of SOCAR RUS Rufat Mahmud said. …
Gazprom and SOCAR agree to expand strategic partnership
Russian company Gazprom and Azerbaijani State Oil Company (SOCAR) have reached an agreement to expand their strategic partnership. This was achieved during Russian President Vladimir Putin's state visit to Baku.
SOCAR's rating upgraded with Stable Outlook
Fitch Ratings has upgraded Azerbaijan's State Oil Company (SOCAR) Long-Term Issuer Default Rating (IDR) and senior unsecured rating to 'BBB-' from 'BB+'. The Outlook on the Long-Term IDR is Stable, the Fitch Ratings press …
Slovenia to receive gas from Azerbaijan
Azerbaijan has begun gas supplies to Slovenia in accordance with a memorandum of understanding. The volumes of gas supplied have not been reported.
