Tag Archives: SOCAR

The Algerian company Sonatrach is interested in developing cooperation with Azerbaijan’s State Oil Company (SOCAR). SOCAR President Rovnag Abdullayev made the remarks at a meeting with Algerian ambassador Salima Abdelhak on October 14. During the meeting, the ambassador noted that Sonatrach is interested in expanding relations with SOCAR, exploring new opportunities …

Germany’s Uniper and Siemens Energy company will soon launch an energy-efficient steam turbine for Azerikimya production union of Azerbaijan’s state oil company SOCAR, Tobias Baumann, Executive Board Member of German-Azerbaijani Chamber of Commerce told Trend. “We have a very good project with participation of Uniper, Siemens and Azerikimya on energy-efficient steam …

BP has agreed to sell a 25 percent participating interest in the Shallow Water Absheron Peninsula (SWAP) exploration project in the Azerbaijani sector of the Caspian Sea to LUKOIL, the company has reported. It was noted that following completion of the sale BP will remain operator of the SWAP production sharing …

President Ilham Aliyev has signed an order on the appointment of Kanan Najafov and Zaur Gurbanov as Vice Presidents of Azerbaijan’s State Oil Company (SOCAR), Azertag reported on August 11. On the same day, Aliyev signed a decree “On improving the structure of the State Oil Company of the Republic …

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 …