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Tag Archives: SOCAR

Kazakhstan to sell crude oil through Azerbaijani pipeline

Kazakhstan-Azerbaijan

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 …

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SOCAR’s revenue up by 56.3 pct in 2021

SOCAR

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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SOCAR Turkey names new head of Natural Gas Business Unit

socar

Fuad Ibrahimov has assumed the duties of the head of Natural Gas Business Unit of SOCAR Turkey as of January 1, 2022, Trend reports with reference to Turkish media. Reportedly, Fuad Ibrahimov will be responsible for the management of Bursagaz, Kayserigaz and SOCAR Enerji Ticaret companies operating under the unit. Natural Gas …

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Major filling station under construction in liberated Shusha

SOCAR

Azerbaijan’s State Oil Company (SOCAR) President Rovnag Abdullayev has said that a big filling station is under construction in liberated Shusha city, Trend has reported. Abdullayev noted that the country is building filling stations in Aghdam and Fuzuli regions as well. He added that the first filling station has been built in …

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