State Oil Company of Azerbaijan Republic (SOCAR)

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SOCAR replaces head of trading structure in Russia

SOCAR replaces head of trading structure in Russia

The State Oil Company of the Azerbaijan Republic (SOCAR) has appointed Rufat Mahmud as the new head of its Russian subsidiary, Socar Rus LLC, with the corresponding changes entered in the Unified State Registry of Legal Entities (USRLE) on …

Azerbaijan to commence supplying gas to Romania

Azerbaijan to commence supplying gas to Romania

State Oil Company of the Azerbaijan Republic (SOCAR) and Romania's Romgaz signed the agreement on supplying gas from Azerbaijan to Romania on December 16, SOCAR said. The agreement provides for the scheduled transmission of natural …

Heads of Gazprom and SOCAR discussed issues of cooperation

Heads of Gazprom and SOCAR discussed issues of cooperation

Chairman of the Board of Gazprom PJSC Alexey Miller and President of the State Oil Company of Azerbaijan (SOCAR) Rovshan Najaf held a working meeting. This was reported on the website of the Russian company. "The parties considered …

Azerbaijan and Kazakhstan to boost co-op in oil industry

Azerbaijan and Kazakhstan to boost co-op in oil industry

Kazakhstan is interested in increasing the volumes of oil transported through Azerbaijan, Deputy Chairman of the Management Board of KazMunayGas JSC Dauren Karabayev said. "Now we have negotiations, because between KazMunayGas …

Russia's Gazprom starts gas shipments to Azerbaijan

Russia's Gazprom starts gas shipments to Azerbaijan

Russian energy giant Gazprom has started natural gas shipments to Azerbaijan under a new contract, the company announced on Friday. The new agreement was signed between SOCAR and Gazprom for natural gas shipments to Azerbaijan, a …

Russia begins gas supplies to Azerbaijan

Russia begins gas supplies to Azerbaijan

Gazprom has started deliveries of Russian gas to Azerbaijan under a new agreement. It is noted that deliveries would be carried out until next March, the volume would be up to 1 billion cubic meters of gas. It should …

SOCAR to cooperate with Rosneft

SOCAR to cooperate with Rosneft

Rosneft continues to work on the Vostok Oil project, the company will be glad to see "its friends", including the Azerbaijani Socar, among the project participants, Rosneft CEO Igor Sechin said on Thursday at the 15th Verona Eurasian …

New oil wells to appear in Naftalan in 2023, SOCAR informs

New oil wells to appear in Naftalan in 2023, SOCAR informs

New oil wells will be drilled in Naftalan next year, Vice-President of the State Oil Company of Azerbaijan (SOCAR) for Personnel, Regime and Information Technologies Khalik Mammadov said. The first well will be drilled to a depth of …

SOCAR's president appointed following presidential decree

SOCAR's president appointed following presidential decree

President of Azerbaijan Ilham Aliyev has signed a Decree appointing Rovshan Najaf as president of the State Oil Company of the Azerbaijan Republic (SOCAR). The decree comes into force from the date of its signing. Rovshan …

Azerbaijani gas is priority of Europe's energy agenda

Azerbaijani gas is priority of Europe's energy agenda

An increase in gas supplies from Azerbaijan is the priority of the energy agenda, bp Vice-President for the Caspian Region, Communications and External Affairs Bakhtiyar Aslanbayli said at the opening of the 16th Baku Summer Energy School (BSES) …

SOCAR talks risks amid rapid decrease in level of Caspian Sea

SOCAR talks risks amid rapid decrease in level of Caspian Sea

The water level in the Caspian significantly affects condition of marine life, Vice President of the State Oil Company of Azerbaijan Republic (SOCAR) Khalik Mammadov said at an international conference on ‘Caspian Sea level fluctuations in …

Azerbaijan develops sustainable energy

Azerbaijan develops sustainable energy

Azerbaijan has announced a partnership with UAE-based developer Masdar for 1 GW each of solar and onshore wind, with 2 GW on integrated offshore wind plus green hydrogen production – marking the first offshore wind in the Caspian Sea. …

What options for replacing Russian gas are Europe's priorities

What options for replacing Russian gas are Europe's priorities

From April 1, Russia began to accept payments for gas from unfriendly countries in rubles in order to get away from settlements in dollars and euros. Refusal from operations in Russian currency in the Russian Federation is regarded as a …

Turkey, Azerbaijan to laid this year pipeline to supply Nakhchivan

Turkey, Azerbaijan to laid this year pipeline to supply Nakhchivan

Following the liberation of Azerbaijan’s occupied Nagorno-Karabakh region, Baku is now looking to ensure the uninterrupted supply of natural gas to Nakhchivan with a project to be carried out in cooperation with Turkey that foresees the pipeline being laid this year

LUKOIL to enter exploration project in Caspian sea

LUKOIL to enter exploration project in Caspian sea

LUKOIL signed an agreement yesterday on acquiring a 25% participating interest in the Shallow Water Absheron Peninsula (SWAP) exploration project in the Azerbaijan sector of the Caspian Sea from BP. The deal is expected to complete …

BP boosts offshore gas production in Azerbaijan

BP boosts offshore gas production in Azerbaijan

BP has announced the start of gas production under the second phase of the Shah Deniz offshore project in Azerbaijan’s deep-water sector of the Caspian Sea, with the UK supermajor also resuming plans to start long-discussed shallow water exploration drilling in the country

SOCAR: burning mud volcano in Caspian Sea gradually weakening

SOCAR: burning mud volcano in Caspian Sea gradually weakening

No industrial facility of SOCAR (State Oil Company of Azerbaijan) was damaged due to the burning, fixed on the evening of July 4, 2021 in the Caspian Sea, the company said in a statement. According to the statement, all offshore …