Tag Archives: SOCAR

The South Caucasus Pipeline Company (SCPC) announces that on 1 August 2021 the process of transition of the technical operatorship of the South Caucasus Pipeline Company (SCPC) from BP Exploration (Shah Deniz) Limited to SOCAR Midstream Operations Limited was finalized. SOCAR Midstream Operations Limited is a fully owned subsidiary of …

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 …

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 …

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 …

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. …

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 …

Russian gas will be temporarily transported to Georgia through Azerbaijan, Ibrahim Ahmadov, deputy head of the public relations and events department at SOCAR told Trend. “Temporary repair work is underway on North Caucasus-Transcaucasia pipeline. For this reason, the Russian side requested Azerbaijan to allow to temporarily transit its natural gas …

The State Oil Company of Azerbaijan Republic (SOCAR)’s subsidiary Heydar Aliyev Oil Refinery has signed two Engineering, Procurement and Construction contracts with Tecnimont S.p.A. and KT-Kinetics Technology S.p.A., the subsidiaries of Maire Tecnimont S.p.A., as a part of the Modernization and Reconstruction of SOCAR Heydar Aliyev Oil Refinery in Baku, …

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 …

The ‘NEFERTITI’ project of the SOCAR Turkey Ar-Ge Research and Innovation Center has received the right to obtain a grant, Trend reports referring to the State Oil Company of Azerbaijan. According to the company, the above project envisioning the production of ethanol/isopropanol from carbon dioxide using solar energy technologies will be financed …