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Tag: SOCAR

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…

Fired Vice Presidents of SOCAR are awarded Honorary Oil Worker Badge

A meeting with the vice-presidents of the company, who were dismissed on July 19 by the relevant orders of the President of Azerbaijan, took place…

Restructuring at the State Oil Company of Azerbaijan

On July 19, despite the holiday, President of Azerbaijan Ilham Aliyev signed orders on dismissal of anumber of high-ranking employees of SOCAR (State Oil Company of Azerbaijan) from their posts….

Azerbaijan began to profit from the gas pipelines

Net profit of Canub Qaz Dehlizi CJSC (CQD, South Gas Corridor, a managing company from Azerbaijan) at the end of 2020 amounted to $ 18.739 million against a…

SOCAR ends 2020 with a net loss of $ 1.02 billion

The revenues of the State Oil Company of Azerbaijan (SOCAR) in 2020 amounted to 49 billion 607 million manats, a net loss of 1 billion…

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