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Tag: SOCAR

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…

Erdogan: Turkey and Azerbaijan can jointly implement oil and gas projects in Libya

Turkey and Azerbaijan can jointly implement projects in the oil and gas sector in Libya, Turkish President Recep Tayyip Erdogan said. “Currently, we are connected…

Baku and Ankara discuss the possibility of joint investments in oil and gas projects in third countries

Azerbaijan and Turkey are discussing the possibility of joint investments in the implementation of oil and gas projects in third countries, Turkish President Recep Tayyip…

SOCAR: Azerbaijan intends to establish export of hydrogen and ammonium to consumers in Europe

The State Oil Company of Azerbaijan plans to establish ammonium production from associated petroleum gas and its supply to Europe, said Farid Jafarov, general director…

SOCAR, Gazprom discuss cooperation in gas sector

President of the State Oil Company of Azerbaijan (SOCAR) Rovnag Abdullayev has met with the head of the Russian oil and gas company Gazprom, Alexei Miller. Report informs, citing…

SOCAR, Rosneft tie-up on fuel supplies to Ukraine, other countries

Azerbaijan’s state energy company SOCAR and Russia’s oil and gas giant Rosneft (ROSN.MM) have signed a deal to supply oil products and liquefied petroleum gas…

Has Azerigaz ever worked profitably?

By May 1, 2021, the number of subscribers provided with natural gas in the country reached 2 million 358 thousand 910 units, announced the Azerigaz…

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