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Category: Azerbaijan

SOCAR Increased Network of Gas Stations in Romania to 41

SOCAR has commissioned a new gas station in Romania, Romanian media reported. “The gas station was commissioned in the third largest city of Romania –…

Azerbaijan to Reduce Oil Production by 20,000 Barrels per Day

Azerbaijan will reduce oil production by 20,000 barrels per day relative to the figure for October 2018 – to 763,000 barrels, the Ministry of Energy…

Approval of Exploration Contract between SOCAR and BP on D230 Block

President of Azerbaijan Ilham Aliyev approved an agreement on exploration, development and production sharing (PSA) from the prospective D230 block in the North Absheron in…

State Oil Fund of Azerbaijan Earns $ 8.3 Bn from ACG

Revenues to the State Oil Fund of Azerbaijan (SOFAZ) from the sale of profit oil from the Azeri-Chirag-Guneshli block (ACG) and condensate from the Shah-Deniz…

Until 2022, Oil Production in Azerbaijan to Be Stable

The total oil production in Azerbaijan in 2020-2022 will be 116 million 993.7 thousand tons. According to government forecasts, indicated in the budget package, in…

SOCAR Turkey receives ‘Digital Transformation of the Year’ award

SOCAR Turkey Enerji A. Ş., a subsidiary of the State Oil Company of Azerbaijan (SOCAR) in Turkey, has been honored with the ‘Digital Tranformation of the Year’…

SOCAR leadership and John Bolton discuss energy projects implemented by Azerbaijan

President of the State Oil Company of Azerbaijan (SOCAR) Rovnag Abdullayev met with a delegation led by US President’s National Security Advisor John Bolton. Report informs that…

SOCAR Energy Georgia signs memorandum with Georgian Ministry

President of the State Oil Company of Azerbaijan (SOCAR) Rovnag Abdullayev accompanied by a number of company officials paid a working visit to Gerogia. According to Report,…

SOCAR Turkey’s investments were awarded by announcing as Special Industrial Zone

Our investments in Turkey, continuously made for ten years, have been awarded by announcing as a Special Industrial Zone, SOCAR Turkey CEO Zaur Gahramanov said in connection…

SOCAR’s giant investment project – STAR Refinery launched

SOCAR, the largest direct foreign investor in Turkey, launched its $6.3-billion SOCAR Turkey Aegean Refinery – STAR Refinery, which will provide a large portion of…

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