There are three major benefits of SOCAR Turkiye’s agile transformation so far, Chief Strategy Officer Kanan Mirzayev told McKinsey, Azernews reports. “First, coordination among employees has increased significantly—agile has been successful in aligning the entire organization around common objectives. Rather than focusing on individual performance, our colleagues are putting their …
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SOCAR, Pakistani companies discuss prospects for cooperation
President of the State Oil Company of the Republic of Azerbaijan (SOCAR) Rovshan Najaf has met with Federal Minister for the Board of Investment of Pakistan Chaudhry Salik Hussain and Minister of State for Petroleum Musadik Masood Malik. During the meeting, the sides hailed the mutual friendly and brotherly relations, …
Read More »SOCAR expands cooperation with Turkmengas, Turkmennebit state concerns
President of the State Oil Company of Azerbaijan Republic (SOCAR) Rovshan Najaf has met with Chairman of Turkmengas State Concern Batyr Amanov and Chairman of Turkmennebit State Concern Guvanch Agajanov. During the meeting, the sides emphasized the successful development of mutual cooperation between Azerbaijan and Turkmenistan in various fields, including …
Read More »SOCAR delegation visits Shah Deniz Bravo platform
A delegation led by Rovshan Najaf, President of the State Oil Company of the Republic of Azerbaijan (SOCAR), visited the bp-operated Shah Deniz Bravo platform. The purpose of the visit was to get acquainted with the current operations and processes and to discuss the existing and future opportunities for the …
Read More »Azerbaijan’s SOCAR, Romania’s Romgaz ink MoU on cooperation
Azerbaijan’s State Oil Company (SOCAR) and Romanian Romgaz have signed a memorandum of understanding on cooperation, Azernews reports. The document was signed by SOCAR Vice President Elshad Nasirov and Romgaz S.N.G.N Deputy Chief Officer Aristotel Jude during the visit of Economy Minister Mikayil Jabbarov, Energy Minister Parviz Shahbazov and SOCAR …
Read More »Official: SOCAR to double gas exports via SGC by 2027
Azerbaijan’s State Oil Company (SOCAR) is supposed to at least double gas exports via the Southern Gas Corridor (SGC) by 2027, the company’s President Rovshan Najaf said during the 2nd Azerbaijan-Turkiye Energy Forum, Azernews reports per Trend. “Therefore, we are discussing plans on expanding the TAP and TANAP pipeline capacities. …
Read More »Uzbekneftegaz studies SOCAR’s experience in increasing hydrocarbon production
Uzbekneftegaz specialists have paid a visit to Azerbaijan’s State Oil Company (SOCAR) to exchange experience on the application of new technologies for wells’ workover and study the company’s experience in the implementation of projects on increasing hydrocarbon production under risk service conditions, Azernews reports per Uzbek media sources. The visit …
Read More »Azerbaijan state oil company to hold oil exploration activities in Turkiye
The State Oil Company of Azerbaijan Republic (SOCAR) is going to conduct oil exploration activities in Batman, Turkiye, Yeni Shafak newspaper reports. The exploration will be carried out under a deal agreed at the Petroleum Reserve Summit in Istanbul, which marks a major step forward for Turkish-Azerbaijani cooperation in the …
Read More »Kazakhstan to sell crude oil through Azerbaijani pipeline
Kazakhstan is expected to sell some of its crude oil through Azerbaijan’s biggest oil pipeline from September, Azernrews reports. According to a direct source, Kazakhstan’s state oil firm Kazmunaigaz (KMG) was in advanced discussions with the trading arm of Azerbaijan’s state firm SOCAR to allow 1.5 million tonnes per year …
Read More »SOCAR’s revenue up by 56.3 pct in 2021
The revenue of the Azerbaijani State Oil Company for 2021 increased by 56.3 percent and amounted to AZN77.5 billion ($45.5bn), Azernews reports. “As a result of the implemented optimization and technological transformation measures, SOCAR was able to improve its operational efficiency in 2021 significantly. SOCAR’s revenue growth was due to …
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