Kazakhstan aims to increase oil production by 16% and develop gas chemistry
In the coming years, Kazakhstan plans to increase oil production from the current 90 million tons per year to 104-105 million tons per year and…
Baku and Kiev Highlight Importance of Expanding Activities of SOCAR in Ukraine
Ambassador of Ukraine to Baku Vladislav Kanevsky and President of the State Oil Company of Azerbaijan (SOCAR) Rovnag Abdullayev consider the energy component of bilateral…
When will Serbia get chance to access Azerbaijani gas?
The interconnection Bulgaria – Serbia, through which Serbia will be able to receive Azerbaijani gas, should be put into operation in 2022. This was confirmed…
ICGB selects insurer for gas connector with Greece
The project company ICGB announced a tender for the selection of the leading insurer for the project “Gas Interconnector Greece – Bulgaria”. The leading insurer…
SOCAR and Equinor will soon begin installation of a production platform at the Caspian field
SOCAR and Norwegian Equinor plan to launch the installation of a new production platform at the Karabakh gas condensate field in the Azerbaijani sector of…
IEA: Gas analysis and forecasts to 2024
After another record year, global demand for natural gas is set to keep growing over the next five years, driven by strong consumption in fast-growing…
SOCAR gets stake in Russian Oil Refinery
The Russian company Socar Energy Resource acquired 80% of the shares of Antipinsky Oil Refinery (processing up to 9 million tons per year, located in…
SOCAR AQS and “Naftoqaz Ukrainı” to have a discussion around future cooperation opportunities
“Naftoqaz Ukrainı” delegation headed by Mr. Sergey Fedorenko, commercial manager paid visit to SOCAR AQS. In course of the meeting, Ukrainian delegation got to know about…
Bulgarian PM: IGB to lead to a real diversification of sources
İnterconnector Greece-Bulgaria (IGB), which envisages transportation of Azerbaijani gas to Bulgaria will ensure real diversification of sources, said Bulgaria’s Prime Minister Boyko Borissov, Trend reports. He…
Launched construction work for gas connector Greece – Bulgaria
The Prime Ministers of Bulgaria and Greece took part in the groundbreaking ceremony; high-level officials from Azerbaijan came to show support for the IGB project…