On December 15, the State Oil Company of Azerbaijan (SOCAR) and BP Azerbaijan announced a joint initiative to reduce methane emissions in Azerbaijan. The collaboration is part of the Advancing Global Methane Reduction (AGMR) initiative, which is part of the Methane Guiding Principles (MGP), Azernews reports. The initiative focuses on instigating methane …
Read More »Tag Archives: SOCAR
SOCAR discuss cooperation opportunities with Japan’s bank holdings
On December 11, 2023, the President of the State Oil Company of the Azerbaijan Republic (SOCAR) Rovshan Najaf met with the delegation of Mizuho Financial Group, one of the largest bank holdings in Japan, Azernews reports. At the meeting, satisfaction was expressed with the long-term effective activities of Japanese companies in Azerbaijan, …
Read More »SOCAR discusses development of hydrocarbon reserves with Venezuelan companies
Prospects for expanding mutual cooperation in the energy sector between the State Oil Company of Azerbaijan (SOCAR) and the Bolivarian Republic of Venezuela have been discussed, Azernews reports. With reference to SOCAR, this became known during the meeting of SOCAR President Rovshan Najaf with Ambassador Extraordinary and Plenipotentiary of Venezuela to Azerbaijan, …
Read More »SOCAR’s stand receives high praise at int’l exhibition Oil and Gas of Turkmenistan-2023
SOCAR’s stand has been highly appreciated at the XXVIII International Conference and Exhibition “Oil and Gas of Turkmenistan-2023,” Ambassador of Azerbaijan to Turkmenistan Gismat Gozalov wrote on X, Azernews reports. “The international conference and exhibition ‘Oil and Gas of Turkmenistan-2023’ kicked off in Ashgabat. At the event, the stand named SOCAR’s …
Read More »President of SOCAR receives CEO of TotalEnergies
President of the State Oil Company of the Republic of Azerbaijan (SOCAR) Rovshan Najaf met with the CEO of TotalEnergies Patrick Puyane, Azernews reports, citing SOCAR. At the meeting, satisfaction was expressed with the long-term effective cooperation between SOCAR and TotalEnergies, and the strategic importance of jointly implemented projects in terms …
Read More »SOCAR discusses coop with DeGolyer & MacNaughton
Within the framework of cooperation between SOCAR and DeGolyer and MacNaughton, work has begun on counting 27 fields according to SPE-PRMS classification in the Azerbaijani sector of the Caspian Sea, Azernews reports. The State Oil Company of the Republic of Azerbaijan (SOCAR) reports that SOCAR President Rovshan Najaf met with John Wallace, …
Read More »SOCAR & KazMunayGas continue to work on increasing oil supplies through Caspian
The State Oil Company of Azerbaijan (SOCAR) and the Kazakh national company KazMunayGas continue to work on increasing oil supplies through the Caspian Sea, Azernews reports. “We are currently developing new routes across the Caspian Sea, in particular through the Baku-Tbilisi-Ceyhan (BTC) oil pipeline. Since March, we have started shipping Tengiz oil …
Read More »SOCAR, State Service for Antimonopoly discuss cooperation
A meeting was held between Ziba Mustafayeva, Vice President of the State Oil Company of the Republic of Azerbaijan (SOCAR), and Jafar Babayev, Deputy Head of the State Service for Antimonopoly Supervision and Consumer Market Control under the Ministry of Economy of the Republic of Azerbaijan, Azernews reports, citing SOCAR. At the meeting, they …
Read More »SOCAR, Microsoft sign MoU
The State Oil Company of the Republic of Azerbaijan (SOCAR) and Microsoft have signed a Memorandum of Understanding, Azernews reports. The memorandum envisages cooperation in digitalization, innovation, enhancing IT infrastructure, developing human capital, including exploration, production, processing, and marketing, transportation, and cyber security. As a result of SOCAR’s proactive initiative and effective …
Read More »SOCAR Turkiye’s investments have reached $18bn
The investments of SOCAR Türkiye have reached $18bn, Azernews reports, citing the CEO of SOCAR Turkiye, Elchin Ibadov’s interview given to international media outlets. “SOCAR is the largest foreign direct investor in Turkiye. As a company operating in the field of energy, which is one of the most priority areas for the …
Read More »