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Tag Archives: SOCAR

SOCAR to hold public auction for industrial waste management

SOCAR

The State Oil Company of Azerbaijan (SOCAR) will hold a public auction for industrial waste management, Trend reports referring to a source in SOCAR. The company’s Environmental Department has announced a public auction to manage recyclable industrial waste. The auction is open to specialized companies with practical experience in the field of …

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Azerbaijani SOCAR discusses execution of 2021 financial plan

SOCAR

The Supervisory Board of the State Oil Company of Azerbaijan (SOCAR) held its regular meeting, Trend reports referring to a source in the company. According to the source, the meeting participants exchanged views on the implementation of the company’s financial plan for 2021. Chairman of the Board, Minister of Economy Mikayil Jabbarov …

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SOCAR withdraws as equity shareholder from SOCAR Energoresurs

SOCAR

SOCAR successfully completed its engagement in the management of Antipinskii Refinery and the oil fields, owned by the subsidiary of the refinery – NKNP LLC. Therewith, SOCAR withdraws as equity shareholder from SOCAR Energoresurs, the joint venture established by SOCAR and Sberbank PJSC. SOCAR decided not to participate as a …

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SOCAR, Belneftekhim sing MoU on oil production

SOCAR

Azerbaijan’s State Oil Company (SOCAR) and Belarus’s State Concern for Oil and Chemistry have signed a memorandum of understanding. The memorandum envisages the expansion of possibilities in the oil and oil products production and sales sectors. The document was signed by SOCAR’s president Rovnag Abdullayev and Belneftekhim’s chairman Andrey Rybakov. …

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Gas and condensate found at Shafag-Asiman field

Socar

First gas-condensate reserves were found at a depth of 7189 meters in an exploration well drilled on the Shafag-Asiman block in the Azerbaijani sector of the Caspian Sea. Herewith the logging and drilling of the Fasila stratum of the field was successfully completed. To define the exact volume of hydrocarbon …

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SOCAR, Transneft to pump oil via Baku-Novorossiysk in 2021

Baku-Novorossiysk

Azerbaijan State Oil Company (SOCAR) and Russian Transneft have signed a deal to pump over 1 million tons of oil through the Baku-Novorossiysk pipeline in 2021, the Russian media has reported with the reference to Transneft Press Secretary Igor Demin. Some 85,000 tons of Azerbaijani oil is planned to be …

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