Tag Archives: 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 …

Taiwan’s state refiner CPC Corp has received the country’s first crude cargo with certified carbon offset from Azerbaijan’s SOCAR Trading, Azernews reports, citing Reuters. “The cargo of about 1.05 million barrels of Azeri Light crude oil arrived in Taiwan on Sunday morning with cradle-to-gate greenhouse gas (GHG) emissions being offset …

“The trade between Turkmenistan and Azerbaijan has increased five times since 2020,” said Vice President of the State Oil Company of Azerbaijan (SOCAR) Elshad Nasirov at the International Oil and Gas Forum, held in Ashgabat. Nasirov noted that Azerbaijan is interested in cooperation with the Caspian region countries. He said …

Romanian Energy Minister Virgil Popescu has said that his country supports underwater electricity cable project with Azerbaijan and Georgia. “We are open to possible collaboration between Romania, Azerbaijan and Georgia to build together an underwater cable for the transportation of electricity underneath the Black Sea,” he wrote on his official …

“Azerbaijan’s state energy firm SOCAR aims to achieve net zero carbon emissions in early 2022 in extracting oil and gas at its own sites,” SOCAR Vice President on environmental affairs Rafiga Huseynzade told Reuters. “We have been working on that from 2010 within the framework of the World Bank’s Global …

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 …

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 …

“Further expansion of cooperation with Azerbaijan is in line with business interests of BP”, said Chief Executive Officer of BP Bernard Looney as he met with President of Azerbaijan State Oil Company (SOCAR) Rovnag Abdullayev at SOCAR’s main office. Emphasizing the importance of the meeting between President Ilham Aliyev and …

Rector of Baku Higher Oil School (BHOS) Elmar Gasimov has met with head of the “Neftqaztikinti” trust of the State Oil Company of Azerbaijan (SOCAR) Gaghamali Seyfullayev. At the meeting, which took place in the office of the trust, the conditions created for the newly hired BHOS students and graduates …

Azerbaijan’s State Oil Company President Rovnag Abdullayev and BP Vice-President for Production and Operations Gordon Birrell have discussed bilateral oil and gas cooperation, the company reported on October 26. During the meeting, the parties exchanged views on the progress of exploratory drilling in the shallow part of the Absheron Peninsula. …