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Tag: SOCAR

President of Azerbaijan on SOCAR, Other State-owned Companies

“Everyone knows why the Investment Holding was created. This was also mentioned in my decree – to improve the management system. The management system of…

Azerbaijan’s commercial gas production up by 8%

In January 2021, Azerbaijan produced over 3.08 million tons of crude oil and gas condensate, including 3.075 million tons fell on marketable crude oil, Report informs, referring to the country’s…

SOCAR Strategy until 2035 Presented to Government

The State Oil Company of Azerbaijan (SOCAR) operates within the framework of the Comprehensive Strategic Development Plan for SOCAR until 2025, developed in 2011 SOCAR…

First Meeting of SOCAR Supervisory Board Was for Informational Purposes

The first meeting of the Supervisory Board of the State Oil Company (SOCAR), created by the decree of the President of Azerbaijan dated January 23,…

S&P: Only about 10% of SOCAR’s Debt Guaranteed by Government

The international rating agency S&P Global Ratings has confirmed the credit rating of SOCAR at ‘BB-‘, the agency reports At the same time, the agency…

President Decides to Overhaul State Oil Company of Azerbaijan

President of Azerbaijan Ilham Aliyev ordered the creation of a Supervisory Board for general management and control over the activities of the State Oil Company…

SOCAR: Azerbaijan Supplied 13.4 Bcm of Gas to Foreign Markets in 2020

By the end of 2020, Azerbaijan exported 13.396 billion cubic meters (bcm) of gas. The State Oil Company of Azerbaijan reports this on its website…

BP’s Caspian Sea project emerges as Russia’s rival for European gas market

(Bloomberg) –Azerbaijan started commercial natural gas exports to Europe via the U.S.-backed Southern Gas Corridor, helping the region to diversify supplies away from Russia Gas…

Georgia to Receive 200 Mcm of Gas from SOCAR at Preferential Price in 2021

Acting Prime Minister of Georgia Giorgi Gakharia met yesterday with President of the State Oil Company of Azerbaijan (SOCAR) Rovnag Abdullayev This was announced by…

Processing Volumes in Azerbaijan Slightly Decreased

In January-October this year, Azerbaijan processed 4.8 million tons of oil. This was reported by the Ministry of Energy of the Republic of Azerbaijan According…

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