State Oil Company of Azerbaijan Republic (SOCAR)

SOCAR and Tatneft explore joint venture

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

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

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

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.

Azerbaijan and Serbia expanding energy ties

Azerbaijan and Serbia expanding energy ties

Azerbaijan plans to increase oil and gas supplies to Serbia, according to the results of the 8th session of the Intergovernmental Commission on Trade and Economic Cooperation between …

Tatneft and SOCAR to develop Bibi-Eybat field

Tatneft and SOCAR to develop Bibi-Eybat field

Russian oil company Tatneft, in collaboration with the State Oil Company of Azerbaijan (SOCAR), is set to undertake the development of Azerbaijan's Bibi-Eybat field. Tatneft's CEO Nail Maganov highlighted the strategic …

SOCAR envisages implementation of new projects

SOCAR envisages implementation of new projects

The State Oil Company of Azerbaijan Republic (SOCAR) plans to implement new projects, Advisor to the Vice President at SOCAR Sariyya Buniyatova said at the Baku Energy Forum. "We are actively developing and expanding …

Uzbekneftegaz may join Shah Deniz project

Uzbekneftegaz may join Shah Deniz project

Uzbekistan's national oil and gas company, Uzbekneftegaz, plans to participate in the project to develop the Shah Deniz gas field in the Azerbaijani sector of the Caspian Sea, Uzbek Investment, Industry and Trade Minister Laziz Kudratov told …

SOCAR chairman appointed AFFA president

SOCAR chairman appointed AFFA president

Azerbaijan Association of Football Federations (AFFA) has hosted a Report-Election Conference on April 2 in Baku. During the conference, President of Azerbaijan's State Oil Company (SOCAR) Rovshan Najaf was elected …

SOCAR acquires assets in Karabakh field

SOCAR acquires assets in Karabakh field

Azerbaijan's state oil company SOCAR has acquired Equinor’s shares in Azeri-Chirag-Gunashli (ACG), Karabakh fields and Baku-Tbilisi-Ceyhan (BTC) project, the SOCAR press service reported. A meeting was held on December 22 …

SOCAR and Tatneft sign roadmap for cooperation

SOCAR and Tatneft sign roadmap for cooperation

Azerbaijan's SOCAR and Russia's Tatneft have signed a roadmap for cooperation, Azerbaijani Economy Minister Mikayil Jabbarov said. “We met with Nail Maganov, the General Director of Tatneft, together with Rovshan Najaf, …

Azerbaijan to engage in gas exploration in Israel

Azerbaijan to engage in gas exploration in Israel

Azerbaijan’s state oil company SOCAR, in collaboration with a consortium that includes BP and NewMed, has been awarded a gas exploration license at the Leviathan gas field in …