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Category: Azerbaijan

Oil Price at $ 23 / Barrel Considered Profitable for SOCAR

The Fitch Ratings international rating agency affirmed the State Oil Company of Azerbaijan (SOCAR) long-term issuer default rating of “BB +”, the agency’s press release…

Another tanker with Azerbaijani oil arrives at Odessa port

Another tanker with Azerbaijani Azeri Light oil for the Belarusian Mozyr Oil Refinery has arrived at the Ukrainian port of Odessa on April 12, Spokesperson…

SOCAR sends another batch of oil for Belarus

Azerbaijan’s state oil company SOCAR has sent another batch of oil to Belarus, Ibrahim Ahmadov, deputy head of the public relations and events department at…

SOCAR AQS transfers 1.5 mln manats to the Fund to Support the Fight against Coronavirus

SOCAR AQS continues its initiatives towards the prevention of the spread of the Coronavirus (Covid-19) in the country and protection of health of citizens, following…

Belarus starts refining Azerbaijani oil bought from SOCAR

Mozyr Oil Refinery JSC in Belarus has started refining the first batch of Azerbaijani oil purchased from State Oil Company of Azerbaijan SOCAR, Spokesperson of…

TAP project is highly significant for Italy, for whole of EU

The Trans Adriatic Pipeline (TAP) project is highly significant for Italy, as well as for the whole of the EU, Ziba Norman, director of the…

Azerbaijani President to pay official visit to Italy in February

Azerbaijani President Ilham Aliyev will pay an official visit to Italy on February 20-21, Hikmet Hajiyev, assistant to the President – head of the foreign…

SOCAR AQS and Halliburton enter into agreement to provide broad suite of oilfield products and services in Azerbaijan

SOCAR AQS and Halliburton Company (NYSE: HAL) today announced the companies have signed a Memorandum of Understanding (MOU) to form a new joint venture to…

Gas Production at Umid Field to Exceed 960 MCM in 2020 – SOCAR

Gas production from the Umid field in the Azerbaijani sector of the Caspian Sea in 2020 will exceed 960 mcm, SOCAR’s representative Ibrahim Ahmedov said….

SOCAR and BP May Sign Production Sharing Agreement in Uzbekistan

SOCAR and BP may sign a Production Sharing Agreement (PSA) on investment blocks in Uzbekistan, the press service of the Uzbek Ministry of Energy reports….

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