SOCAR and Vitol agree on the transit of Turkmen oil
SOCAR Trading and Vitol are close to concluding an agreement on the supply of approximately 1 million tons / year of Turkmen oil to Ceyhan….
SOCAR to take part in project for green hydrogen plant construction in Switzerland
SOCAR Energy Switzerland (the Swiss subsidiary of SOCAR) will take part in a project to build a plant for the production of green hydrogen in…
Socar Trading Head Expects Oil to Hit $80 a Barrel This Year
Oil prices will hit $80 a barrel this year as demand comes roaring back and producers won’t be able to immediately respond with sufficient supply, Socar…
SOCAR to deliver LNG to Pakistan at lowest price
The Pakistani government has developed a plan to overcome the natural gas crisis, said Special Assistant to the Prime Minister on Petroleum, Nadeem Babar In…
SOCAR Increases Number of Filling Stations in Switzerland to 200
SOCAR Energy Switzerland (the Swiss subsidiary of SOCAR) has brought the number of filling stations in Switzerland to 200, SOCAR said in a statement “The…
Azerbaijan Supplied Oil to Belarus below Market Prices
The cost of oil imports to Belarus in January-June 2020 amounted to $ 1.24 billion, which is 61.9% less than in January-June 2019, according to…
SOCAR Sends another Shipment of Oil to Belarus
SOCAR (State Oil Company of Azerbaijan) plans to send a new batch of Azerbaijani oil to Belarus on August 26-27. “Several weeks ago, the sale…
SOCAR Trading to start LNG shipments to Pakistan in October
SOCAR Trading will begin deliveries of liquefied natural gas (LNG) to Pakistan in the coming months. According to Pakistan LNG Limited, the operator of the…
Change in management of SOCAR Trading
Adnan Ahmadzadeh was appointed the Executive Chairman of SOCAR Trading (the “daughter” of SOCAR), SOCAR said. “Changes took place in the leadership of SOCAR Trading….
SOCAR Trading sold 108mn tons of oil and petroleum products in 2017
SOCAR Trading more than doubled the volume of operations in 2017, selling 108 million tons of oil and petroleum products. SOCAR President Rovnag Abdullayev told…
SOCAR Trading successfully completes event within IP Week 2018 in London – VIDEO
London hosts the International Petroleum Week (IP Week 2018) with organizational support of the British Energy Institute. Report informs, the annual event brought together 3…
Baku hosts meeting of Azerbaijan-Kazakhstan Intergovernmental Commission
Delegation led by Kazakhstan’s Minister of Energy Kanat Bozumbayev has paid a visit to Baku to participate in XIV session of the Azerbaijan-Kazakhstan Joint Intergovernmental…
Revenues of SOCAR Trading Increased by 14% in 2016
The revenues of SOCAR Trading SA (the “daughter” of SOCAR) in 2016 amounted to $ 25.9 billion, which is 14.1% higher than in 2015, the…
Successful Transfer of Top Manager of Petro China to SOCAR Trading
Petro China International America head for domestic crude oil trade Eric Dickson left the company to go to SOCAR Trading North America, the Reuters agency…
SOCAR inaugurates gas terminal and power plant in Malta
On April 24, the city of Marsaxlokk in Malta hosted the opening ceremony of the gas terminal and power plant built by ElectroGas Malta, partially…