The State Oil Company of Azerbaijan Republic (SOCAR) has signed with the Hellenic Republic Assets Development Fund (HRADF) and the company “Petroleum” an agreement to acquire 66 percent share package of the Greek operator of Continue reading
The Shah Deniz partnership has announced that it has awarded two major construction contracts for Stage 2 development of the Shah Deniz gas field in the Caspian Sea, according to a message from the BP Azerbaijan.
“This follows the final investment decision for Continue reading
Azerbaijan is rapidly turning into a major player in the world energy industry. It has proved itself to be a reliable oil supplier; and now the country is on its way to gain the same status in the world gas industry.
The Southern Gas Corridor, in which Azerbaijan has a key role is Continue reading
Shah Deniz-2 is a project of global significance, head of SOCAR Turkey Enerji (Turkish division of the State Oil Company of Azerbaijan), board member of Petrochemical Holding Petkim Kenan Yavuz said, TRT Haber TV channel reported on Dec.18.
The Shah Deniz-2 project will contribute to the development of the region, including Continue reading
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