SOCAR President meets with Iranian Oil Minister
The President of the State Oil Company of Azerbaijan, Rovnag Abdullayev, met with Iran's Oil Minister Bijan Namdar Zanganeh today. "Zanganeh said that Iran attaches great importance …
State Oil Company of Azerbaijan Republic (SOCAR)
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Romania’s Transgaz and Azerbaijan’s SOCAR sign MoU
Azerbaijan’s State Oil Company (SOCAR) and Romania’s state-owned company Transgaz have signed a memorandum of understanding during a meeting of SOCAR President Rovnag Abdullayev with Ramona Nicole …
Azerbaijan's Socar Trading expects hit from Moroccan refinery's bad debts
At the same time, Socar expanded its presence in Africa and is also looking to renew deals with Iran
SOCAR announces start of operations within Shah Deniz III for 2027
The State Oil Company of Azerbaijan (SOCAR) plans to launch the first work within Phase 3 of development of Caspian gas condensate field Shah Deniz not before 2027, abc.az reports. SOCAR advisor to vice president Vitaly …
Azerbaijan’s SOCAR commissions new well in Caspian Sea
Azerbaijan’s state oil company SOCAR will additionally produce 3.65 million cubic meters of gas and 32,850 tons of oil per year as it has put into operation a new well in the Caspian Sea, said SOCAR in a message, Trend reports. …
Azerbaijan and Pakistan agreed to sign energy deals
Pakistan agreed to sign deals with Azerbaijan in various fields including supply of electricity, crude and refined oil products, liquefied petroleum gas (LPG) and liquefied natural gas (LNG). The agreements will allow the two countries to …
SOCAR won’t build refinery in Georgia
The State Oil Company of Azerbaijan (SOCAR) considers the construction of an oil refinery in Georgia inexpedient, abc.az informs. SOCAR Foreign Investment …
SOCAR won't take foreign loans
The State Oil Company of Azerbaijan (SOCAR) won't use foreign loans in 2016, abc.az reports. SOCAR vice president, Suleyman Gasimov, has informed that the Company has no necessity in foreign loans this year. …
SOCAR and CNPC agree on cooperation
Azerbaijan's state oil company SOCAR and China National Petroleum Corporation (CNPC) have signed a memorandum of understanding on cooperation in the oil-gas and petrochemical spheres. The document was signed by SOCAR President …
SOCAR's new administrative building opened in Baku
A new administrative building of the State Oil Company of Azerbaijan (SOCAR) was opened in Baku today. Azerbaijani President Ilham Aliyev attended the opening …
Azerbaijan’s SOCAR drilling new well in Caspian Sea
The Integrated Drilling Trust of Azerbaijan's State Oil Company (SOCAR) has started to drill a new well at the Bulla Deniz offshore field, read a message posted on SOCAR's website. …
SOCAR to sell 17% DESFA shares to Italian Snam
The State Oil Company of Azerbaijan Republic (SOCAR) will sell 17% of shares in DESFA to the Italian company Snam, the Azerbaijani Energy Minister Natig Aliyev said. According to him, Greek side has promised that the issue of DESFA will …
SOCAR to expand oil terminal capacity in Georgia
The State Oil Company of Azerbaijan (SOCAR) will expand the capacity of the Kulevi Black Sea oil terminal in Georgia from the current 320,000 cubic meters to 380,000 cubic meters, a source in SOCAR said, Trend reports. The …
Georgia "fully supports" project of Azerbaijan's gas transportation to Europe
Tbilisi hopes to join Turkmenistan's and other regional gas suppliers' projects
SOCAR presents and gets positive assessment on its proposal for gas storage project in Georgia
The proposal of the State Oil Company of Azerbaijan (SOCAR) for the construction of a gas storage facility in Georgia has been regarded positively, abc.az reports. SOCAR Energy Georgia’s head Mahir Mammadov says …
Ceremony of laying Trans-Adriatic Pipeline foundation takes place in Greece
The ceremony of laying the foundation of Trans-Adriatic Pipeline (TAP), designed for gas delivery from Azerbaijan’s field Shah Deniz to Europe, took place in Thessaloniki, abc.az reports. The ceremony was attended by prime …
SOCAR announces plans for next decade
The Vice-President of the State Oil Company of Azerbaijan (SOCAR) for strategic development, Tofiq Gahramanov, told journalists about the company's plans for the next 10-15 years. He said that the …
SOCAR prepares development plan until 2025
Azerbaijan State Oil Company SOCAR has prepared a comprehensive plan for development until 2025. This was reported by the vice-president of the company for strategic development Tofig Gahramanov at the business forum with the …
Azerbaijan ready to buy up to 5 billion cubic meters of gas a year from Russia
Azerbaijan may become one of the main buyers of Russian gas outside the European Union, abc.az reports. President of the State Oil Company of Azerbaijan (SOCAR) Rovnag Abdullayev has stated that Azerbaijan has already …
SOCAR reports on undisrupted construction of TANAP
The head of of the Investment Department of SOCAR, Vagif Aliyev, said today that despite the low level of the world oil prices, the Trans-Anatolian Gas Pipeline (TANAP) is still being built within the approved schedule. …
