State Oil Company of Azerbaijan Republic (SOCAR)

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SOCAR prepares development plan until 2025

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 …

SOCAR reports on undisrupted construction of TANAP

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. …

SOCAR Turkey Energy names new director general

SOCAR Turkey Energy names new director general

The SOCAR Turkey Energy company has named its new director general. Deputy head of the Investments Division of the State Oil Company of Azerbaijan (SOCAR) Zaur Gahramanov has been appointed to this post in accordance …

Alleged body of Guneshli oilman found on Turkmen coast

Alleged body of Guneshli oilman found on Turkmen coast

The alleged body of Azerbaijani oilman has been discovered on the coast of the Turkmen sector of the Caspian Sea. The Azerbaijani Ministry of Emergency Situations said that the found body allegedly belongs to one of the oilmen, who …

SOCAR launches new oil well

SOCAR launches new oil well

State Oil Company of Azerbaijan (SOCAR) will increase the production level to more than 11.3 million tonnes of oil per year due to commissioning of new oil well in Oil Rocks offshore field, the company reported. The oil is extracted …

SOCAR’s stake in DESFA may reduce to 41%

SOCAR’s stake in DESFA may reduce to 41%

SOCAR will be able to keep for itself no more than 41% of the shares after all potential buyers (Fluxys, ENAGAS, Snam) for a 17% stake, set for sale by SOCAR under the European Commission’s pressure, declined from the deal, APA reports. …

SOCAR to modernize Heydar Aliyev refinery

SOCAR to modernize Heydar Aliyev refinery

The State Oil Company of Azerbaijan Republic (SOCAR) will use a suite of Honeywell UOP technologies to modernize its oil refinery in Baku, Azerbaijan, to produce high-quality gasoline that meets stricter emission …

Monument in honor of missing oil workers to appear in Azerbaijan

Monument in honor of missing oil workers to appear in Azerbaijan

Today SOCAR President Rovnag Abdullayev met with families of the oil workers who went missing as a result of the accident at the 10th offshore platform of Guneshli and the Oil Rocks platform №501. He announced that the monument will be installed in …

 SOCAR and Canadian Zenith to develop Imishli oilfields

SOCAR and Canadian Zenith to develop Imishli oilfields

The State Oil Company of Azerbaijan (SOCAR) and Canada's Zenith Aran Oil Company Ltd have signed a PSA contract on the onshore oilfield block Muradkhanly-Jafarli-Zardab. The contract was signed for 25 years. Zenith …

 SOCAR discloses Russian gas procurement volumes

SOCAR discloses Russian gas procurement volumes

SOCAR is negotiating with the Russian Gazprom company and Iran to purchase 3 billion cubic meters of gas annually, the President of the State Oil Company of Azerbaijan, Rovnag Abdullayev, said. "There is still …

Heydar Aliyev Oil Refinery in Baku to be reconstructed

Heydar Aliyev Oil Refinery in Baku to be reconstructed

The State Oil Company of Azerbaijan (SOCAR) has signed a contract for the primary detailed design in the framework of the reconstruction and modernization of the Heydar Aliev Oil Refinery in Baku. According to SOCAR, the contract was …