State Oil Company of Azerbaijan Republic (SOCAR)

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Edward Rowe: Azerbaijan is doing a very good job

Edward Rowe: Azerbaijan is doing a very good job

9th Summer Multiculturalism School has kicked off in Baku today. It's traditionally organized in the capital of Azerbaijan for students and researchers by the Baku International Center for Multiculturalism. On the sidelines of this event, …

Pumping Azeri oil via Baku-Novorossiysk pipeline resumed

Pumping Azeri oil via Baku-Novorossiysk pipeline resumed

Azerbaijan’s state oil company SOCAR has resumed oil pumping via the northern export route - the Baku-Novorossiysk pipeline, deputy head of the SOCAR public relations and events department Ibrahim Ahmadov said. …

Italian vessel explodes in Turkey's Aliaga port

Italian vessel explodes in Turkey's Aliaga port

An explosion at an oil tanker killed one person and injured 16 others in Turkey’s Izmir province, an official said. The vessel was anchored at a harbor at the Petkim petrochemical plant operated by the Azerbaijani state oil …

SOCAR: TANAP fully ready for gas supplies to Europe

SOCAR: TANAP fully ready for gas supplies to Europe

The construction of the Trans Anatolian Natural Gas Pipeline (TANAP) has been completed, Azerbaijan’s state oil company SOCAR said. "TANAP, which is the major segment of the Southern Gas Corridor, is ready for …

Azerbaijan starts top quality carbamide exports

Azerbaijan starts top quality carbamide exports

The first shipments of Azerbaijani carbamide in bulk from the SOCAR Carbamide plant have started in late May. Carbamide is loaded into tip-trucks at the SOCAR Carbamide plant and transported to the Hovsan international sea port for …

Azerbaijan to increase gas production by 20% by year-end

Azerbaijan to increase gas production by 20% by year-end

Azerbaijan will increase gas production by 20% by the end of 2019, SOCAR President Rovnag Abdullayev said at the Caspian Oil & Gas Conference in Baku. According to him, gas production increased significantly …

Novelty in economics: Model for predicting Azeri Light prices

Novelty in economics: Model for predicting Azeri Light prices

A book written by a team of Azerbaijani authors dedicated to forecasting AzeriLight oil prices - “World Oil Market: Influencing Factors and Forecast” - is currently available for purchase. This scientific work was published in April …

Formula 1 SOCAR Azerbaijan Grand Prix 2019 kicks off in Baku

Formula 1 SOCAR Azerbaijan Grand Prix 2019 kicks off in Baku

The first day of the Formula 1 SOCAR Azerbaijan Grand Prix 2019 opens in Baku today. Ten teams with two drivers each will compete in the race. Among the drivers are Fernando Alonso, Sebastian Vettel, Lewis Hamilton, Valtteri Bottas, …

SOCAR becomes title sponsor of F1 Azerbaijan Grand Prix 2019

SOCAR becomes title sponsor of F1 Azerbaijan Grand Prix 2019

The State Oil Company of Azerbaijan Republic (SOCAR) has become a title sponsor of the Formula 1 races, which will be held in Baku on April 26-28, 2019. As a partner of a high-level event such as Formula 1, SOCAR will promote its …

BP and SOCAR sign new Azeri oil deal

BP and SOCAR sign new Azeri oil deal

Oil major BP and Azerbaijan’s state energy company SOCAR signed an agreement on Friday to build a new exploration platform for the South Caucasus nation’s three major oilfields, BP-Azerbaijan said in a statement, Arab News …

Azerbaijan to prepare TANAP for testing in summer

Azerbaijan to prepare TANAP for testing in summer

Azerbaijan expects to fully prepare the Trans-Anatolian Natural Gas Pipeline (TANAP) in June 2019 for the start of test gas supplies to Europe, Azerbaijan’s state oil company SOCAR said. The final phase of the work as part of the …

Baku to host SOCAR International Forum for 4th time

Baku to host SOCAR International Forum for 4th time

The 4th SOCAR International Caspian and Central Asia Downstream Forum will be held in Baku on April 22-25. The forum delegates will be provided with detailed information on trading activities in the Caspian as well as an overview of …

Gas supply from Azerbaijan to Georgia may increase in 2019

Gas supply from Azerbaijan to Georgia may increase in 2019

Gas supply from Azerbaijan to Georgia may increase by 11 percent in 2019, Azerbaijan’s state oil company SOCAR said, AzerNews reported citing Trend. "SOCAR Georgia Gas LLC has imported around 500 million cubic meters of …

Lachin oil tanker launched in Baku

Lachin oil tanker launched in Baku

A new oil tanker 'Lachin' will be commissioned in Azerbaijan in June 2019. The tanker launching ceremony was held at the Baku Shipyard today. The ceremony was attended by Azerbaijani Economy Minister Shahin …

Ilham Aliyev inaugurates new SOCAR Polymer plant in Sumgayit

Ilham Aliyev inaugurates new SOCAR Polymer plant in Sumgayit

Azerbaijani President Ilham Aliyev has attended the inauguration of the High Density Polyethylene Plant of the SOCAR Polymer project in Sumgayit, the presidential press service reported. Ilham Aliyev was informed of the …