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Category: Azerbaijan

Maire Tecnimont and SOCAR signed refinery revamp contract

The contract relates to the construction of the New Units on an EPC lump-sum basis as part of the Modernisation and Reconstruction of the Heydar…

SOFAZ received the first bonus payment from Azeri-Chirag-Gunashli Agreement

The State Oil Fund of the Republic of Azerbaijan (SOFAZ) received the first bonus payment in the amount of USD 450 million from the new…

SOCAR enhances oil export 15% via Baku-Novorossiysk pipeline

The State Oil Company of Azerbaijan Republic has exported 1,498.1 thousand tons of oil in 2017 via the Baku-Novorossiysk pipeline (Novorossiysk port, the Black Sea, Russia)….

Private Company Obtained Control over SOCAR Oil Terminal in UAE

A private investment company Prostar Capital became the owner of 90% of the shares of SOCAR’s oil terminal Aurora Fujairah Terminal FZC, the SWFI Internet…

Pakistan to Start Negotiations with SOCAR on Purchase of Oil Products

The State Minister of Energy of Pakistan Jam Kamal Khan informed the Senate of Pakistan about the imminent start of specific negotiations with the State…

Azerbaijani gas makes 10.5% of Turkish gas imports in November

Azerbaijan exported 575.02 mln cum of natural gas to Turkey in November 2017. Referring to the Turkish Energy Market Regulatory Authority (EMRA), this volume made…

SOCAR imported more than 2.1 bcm of gas in 2017

SOCAR imported 1,761 mcm of gas from Iran in 2017, the State Oil Company said. In 2016, the volume of imports from Iran began in…

Global Energy Solutions starts its next project for BP Azerbaijan

Global Energy Solutions (Glensol) entered into next project for BP Azerbaijan to provide electrical & instrumentation services in the Azerbaijan-Georgia-Turkey (AGT) region. Glensol’s services will…

President Ilham Aliyev met with OPEC Secretary General in Davos

President of the Republic of Azerbaijan Ilham Aliyev has met with Secretary General of the Organization of the Petroleum Exporting Countries (OPEC) Mohammad Barkindo in…

SOCAR commissions 39th filling station in Romania

Azerbaijan`s state oil firm SOCAR has opened its second filling station in Brasov, Romania, increasing the number of its gas stations in the country to…

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