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Tag: SOCAR

German Companies Interested in SOCAR Gas Processing Complex Project

On July 17, SOCAR President Rovnag Abdullayev received German Ambassador to Azerbaijan Wolfgang Manig. The head of the State Oil Company told about the progress…

SOCAR Becomes Technical Operator of South Caucasus Gas Pipeline

SOCAR Midstream Operations LLC has become a technical operator of the South Caucasus Gas Pipeline (SCP), BP-Azerbaijan said in a statement. “Since March 20, 2020,…

Oil Price at $ 23 / Barrel Considered Profitable for SOCAR

The Fitch Ratings international rating agency affirmed the State Oil Company of Azerbaijan (SOCAR) long-term issuer default rating of “BB +”, the agency’s press release…

SOCAR discloses production and export volumes in 1Q2020

Azerbaijan’s State Oil Company SOCAR produced 1.9 million tons of oil and 1.8 billion cubic meters of gas on the fields operated by the company…

SOCAR sends another batch of oil for Belarus

Azerbaijan’s state oil company SOCAR has sent another batch of oil to Belarus, Ibrahim Ahmadov, deputy head of the public relations and events department at…

SOCAR, Equinor confirm discovery of Karabagh Oil Field in Azerbaijan

SOCAR and Norway’s Equinor have confirmed a discovery of Karabagh field located 120 kilometers offshore, east of Baku, in the Azerbaijan sector of the Caspian…

Belarus starts refining Azerbaijani oil bought from SOCAR

Mozyr Oil Refinery JSC in Belarus has started refining the first batch of Azerbaijani oil purchased from State Oil Company of Azerbaijan SOCAR, Spokesperson of…

Azerbaijani President to pay official visit to Italy in February

Azerbaijani President Ilham Aliyev will pay an official visit to Italy on February 20-21, Hikmet Hajiyev, assistant to the President – head of the foreign…

Gas Production at Umid Field to Exceed 960 MCM in 2020 – SOCAR

Gas production from the Umid field in the Azerbaijani sector of the Caspian Sea in 2020 will exceed 960 mcm, SOCAR’s representative Ibrahim Ahmedov said….

SOCAR and BP May Sign Production Sharing Agreement in Uzbekistan

SOCAR and BP may sign a Production Sharing Agreement (PSA) on investment blocks in Uzbekistan, the press service of the Uzbek Ministry of Energy reports….

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