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Tag: SOCAR

SOCAR talks on acquisition of oil fields in Russia

Currently, no investment decision has been made on acquisition of Antipinsky Refinery and oil fields in Russia by Azerbaijan’s state oil company SOCAR, spokesperson for…

In 2018, 11.2 Bcm of Gas Supplied to Domestic Market of Azerbaijan

In 2018, SOCAR allocated 11 billion 216 million cubic meters to meet the domestic needs of Azerbaijan for natural gas. According to SOCAR, last year…

Uzbekistan Offers SOCAR and BP Joint Geological Study of Three Blocks

Uzbekistan offers SOCAR, in partnership with BP, to explore the possibility of joint exploration of three investment blocks of the Ustyurt region, the press service…

SOCAR Increased Payments to State Budget by 6% in 2018

SOCAR’s tax payments to the state budget of Azerbaijan in 2018 amounted to 1 billion 604.514 million manat, which is 6.2% more than in 2017….

SOCAR to Use KazMunaiGas Drilling Rig in Its Projects

SOCAR and KazMunayGas signed a memorandum of understanding in Baku on January 28. According to the press service of SOCAR, the document was signed by…

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 –…

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…

SOCAR unveils data on drilling, production and export for Q3

The State Oil Company of Azerbaijan managed to stabilize oil production and dramatically increase natural gas extraction through raising the volume of drilling works in…

Italy’s Saipem awarded contract on Absheron field development

Italy’s Saipem company has been awarded a contract for the development of Azerbaijan’s Absheron gas field, said a message from the company. Total has awarded…

Trenching complete on 97% of TAP route in Greece, Albania

Trenching is now complete on around 97 percent of the Trans Adriatic Pipeline’s (TAP) route in Greece and Albania, said a message from TAP AG…

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