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Tag: SOCAR

Ilham Shaban: SOCAR preparing to apply experience gained in foreign markets in local market

The State Oil Company of Azerbaijan (SOCAR) is preparing to apply the experience gained in foreign markets in the management of enterprises in the local…

SOCAR President meets with Deputy Energy Minister of Uzbekistan

Today, the President of the State Oil Company of Azerbaijan (SOCAR), Rovshan Najaf, met with the delegation led by the First Deputy Minister of Energy…

SOCAR discusses expansion of TANAP and TAP with EU

Rovshan Najaf, the first vice-president of the State Oil Company of Azerbaijan (SOCAR), acting president, met with the European Energy Commissioner Kadri Simson. Rovshan Najaf noted…

SOCAR: Azerbaijan is negotiating with partners to expand SGC

Azerbaijan has never used natural gas as a tool for political pressure, Baku is currently negotiating with its main partners on the expansion of the…

SOCAR: TANAP transported 16 bcm of Azerbaijani gas so far

The Trans-Anatolian Gas Pipeline (TANAP) has transported 16 billion cubic meters of Azerbaijani natural gas so far, the First Vice President of the State Oil…

Adviser to SOCAR head on economic issues appointed

Rashid Agakishiev has been appointed economic adviser to the head of SOCAR, Agakishiev himself wrote in his account on the social network. Prior to his appointment to this…

SOCAR plans to increase gas production from Umid field by 2.7 times

The Umid Babek Operation Company (UBOC) is completing work on the reconstruction of the Umid-1 platform at the Umid gas condensate field in the Azerbaijani…

Ilham Aliyev: SOCAR should become a transparent energy company

The new leadership of SOCAR was instructed to transform it into a transparent international energy company. President of Azerbaijan Ilham Aliyev stated this today. “As…

SOCAR to decrease oil production this year

SOCAR forecasts to produce 7 811 070 tonnes of oil in 2022 in its fields, said SOCAR as a response to APA‘s query.

Private Azerbaijani company to develop a number of SOCAR fields

On Tuesday, the plenary session of the Milli Majlis (parliament) of Azerbaijan ratified the Risk Service Contract for the rehabilitation and development of a block…

SOCAR plans to increase gas production from Umid field by 17.4%

By March 1, 2022, 5.4 bcm of natural gas and 856.1 thousand tons of condensate were produced at the Umid offshore gas condensate field, located…

SOCAR decides to get rid of some old fields

The Milli Majlis (Parliament) of Azerbaijan received a bill “On the adoption and approval, permission to implement a risk-service contract between SOCAR and GL International…

SOCAR pays $850 million in taxes to the state budget of Azerbaijan in 2021

“In 2021, SOCAR paid taxes to the state budget of Azerbaijan in the amount of 1.45 billion manats ($850 million) against the figure of 2020…

SOCAR, Equinor discuss progress of Karabakh project

President of the State Oil Company of Azerbaijan (SOCAR) Rovnag Abdullayev has met with a delegation led by Executive Vice President for Exploration and Production International at…

SOCAR establishes position of “Chief Geologist”

The position of “chief geologist” was established for the first time in the State Oil Company of Azerbaijan (SOCAR), which was set up in September…

Azerbaijan Delegation Meets Iran Petroleum Minister

Iranian Minister of Petroleum Javad Owji hosted a meeting with a delegation of the Republic of Azerbaijan headed by the CEO of SOCAR in Tehran…

SOCAR supplies gas to over 700 settlements in Georgia

SOCAR Georgia Gas, a subsidiary of the State Oil Company of Azerbaijan (SOCAR), currently serves over 780,000 subscribers, the local bureau of Report informs, citing Azar Mammadov,…

SOCAR: Fraudsters offer online winnings on behalf of company

Internet scammers have once again started sending messages on behalf of the State Oil Company of Azerbaijan (SOCAR) and other companies about opportunities to win…

SOCAR: Export price of gas for Georgia higher than on domestic market

“There are discussions on social networks that allegedly the price of gas sold to the population in Azerbaijan is higher than the cost of gas…

Uzbekistan seeks new partner for SOCAR to develop three investment blocks

The authorities of Uzbekistan plan to attract a new investor instead of the British company BP to develop, together with SOCAR, three investment blocks in…

SOCAR department nearly triples revenues from non-oil exports

From January through September 2021, the Marketing and Operations Department of the State Oil Company of Azerbaijan (SOCAR) exported non-oil products worth $276 million, Report informs, citing…

SOCAR commissions 66th gas station in Romania

Another gas station of the State Oil Company of Azerbaijan (SOCAR) has been commissioned in Romania. As Report informs, citing SOCAR, the new SOCAR-branded gas station is…

SOCAR to finance English language training for students of SABAH postgraduate groups

On October 28, SOCAR and its partners in the South Caucasus Pipeline (SCP) and British Council agreed to continuously improve the quality of education in…

Why did the prime minister of Azerbaijan receive the BP delegation?

On October 26, Prime Minister Ali Asadov met with BP Group’s executive director for production and exploitation Gordon Birrell and the company’s regional director for…

SOCAR, Equinor discuss joint development of “Karabakh”

President of the State Oil Company of Azerbaijan (SOCAR) Rovnag Abdullayev has met with a delegation led by Norwegian Equinor Vice President for Exploration Tore…

SOCAR is negotiating additional investments in Turkey – CEO

Zaur Gahramanov, General Director of SOCAR Turkey Energy, the Turkish subsidiary of the State Oil Company of Azerbaijan (SOCAR), attended a conference in Istanbul, entitled…

Subscription to SOCAR’s bonds starts today

Subscription to new bonds of the State Oil Company of Azerbaijan (SOCAR) starts today and will continue until October 29, Report informs. Securities can be purchased by…

SOCAR increases share in its Turkey-based subsidiary to 100%

SOCAR has increased the share in SOCAR Turkey Energy from 87% to 100%, Report informs, citing Public Disclosure Platform. According to the information, Goldman Sachs International (“Goldman…

Azerbaijan eyes increasing oil pumping in northern direction in 2022

Azerbaijan has sent an application to Russia’s PJSC Transneft, the operator of main oil pipelines, to increase oil pumping through the northern pipeline in 2022…

President appoints two new Vice-Presidents to SOCAR

Azerbaijani President Ilham Aliyev has issued an order on appointment of Kanan Tahmaz Najafov and Zaur Aydin Gurbanov as the Vice-Presidents of the State Oil…

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