The Azerbaijani State Oil Company (SOCAR) intends to open six or seven gas stations in Georgia under its own banner by the end of this year, a source at the State Oil Company told Trend on Friday.
According to the source, currently, there are Continue reading
SOCAR (the State Oil Company of Azerbaijan) is preparing to cut off the unusable flange connection at the emergency wellhead at Bulla-Deniz field in the Azerbaijani sector of the Caspian Sea, according to a statement released by the State Oil Company on Friday.
According to the statement, Continue reading
A memorandum on applying the new standards of the Extractive Industries Transparency Initiative (EITI) in Azerbaijan will be signed by late 2013, head of State oil Fund of Azerbaijan Shahmar Movsumov said at Continue reading
Azerigas Production Association of the Azerbaijani State Oil Company (SOCAR) will connect over 40 settlements to the distribution network in the process of increasing the level of gasification in Azerbaijan by the end of Continue reading
The European Commission still believes that Nabucco gas pipeline project, which lost in a competition to transport Azerbaijani gas to Europe, could be constructed, Reuters reported citing the EU diplomats.
According to the diplomats, Nabucco West and Trans Adriatic Pipeline (TAP) are in the list of the projects considered significant to Continue reading
The State Oil Company of Azerbaijan (SOCAR) plans to process around 6.7 million tons of oil in 2014, a senior representative of SOCAR said on Friday.
According to him, over 6.2 million tons of gasoline was sent by SOCAR to processing last year. The volume is expected to amount to 6.4 million tons for this year.
The representative explained the Continue reading
Currently, the State Oil Company of Azerbaijan (SOCAR) is aiming to save the well at Bulla Deniz field, on which an accident occurred earlier and a fire is continuing at the moment, the SOCAR head Rovnag Abdullayev told journalists on Continue reading
The State Oil Fund of Azerbaijan (SOFAZ) has gained rich experience in the rational governance of a large amount of funds received from the extraction, processing and sale of oil and gas. It is ready to share it with its foreign counterparts, SOFAZ Executive Director Shahmar Movsumov said at Continue reading
TAP project is important not only for Italy but for Europe as well, Italian Prime Minister Enrico Letta said at a press conference in Baku on Aug. 11.
“We have started good cooperation with Greek and Albanian governments, and of course, Turkey. I am glad to be here and thanks to Continue reading
As of August 8, 2013, over 1.74 billion barrels of oil have been shipped since June 2, 2006 by Turkish Botas International Limited (BIL) Company compared to over 1.71 billion barrels as of July 1, a report published on the BIL official website said today.
Since 2001 BIL has been Continue reading