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Tag: SOCAR

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…

SOCAR Is Azerbaijan’s Leader in Export of Non-oil Products

The total volume of exports of non-oil products from Azerbaijan by 20 large state and private companies in January-September 2020 amounted to $ 737.991 million,…

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

The international rating agency S&P Global Ratings has confirmed the long-term credit rating of SOCAR at BB- The forecast on SOCAR ratings has been revised…

SOCAR: in 2020 Oil Production in Azerbaijan to Fall by 3 Million Tons

SOCAR (State Oil Company of Azerbaijan) plans to produce 7.2 million tons of oil with condensate in 2020, taking into account OPEC + obligations to…

SOCAR to create globally integrated oil products division

Diesel demand in Europe is unlikely to recover until well into 2021, and struggling refiners in the region will come under further pressure, Switzerland-based Socar…

Azerbaijan’s President Calls For Privatization Of State Oil Company SOCAR: A Hope For Petrostates?

Like other commodity export dependent nations around the world, Azerbaijan has seen its economy suffer from the lockdown effects of the global coronavirus pandemic, particularly…

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