Tag Archives: SOCAR

SOCAR Energy Ukraine, a subsidiary of the State Oil Company of Azerbaijan will finance the construction of a service hub for Ukrainian citizens at the Chongar checkpoint of entry and exit, the press service of the Ministry of Infrastructure reported on May 6. According to the Ministry of Reintegration of …

On April 9, 2020, 23 member countries of OPEC+ discussed the economic recession caused by COVID-19 pandemic and agreed to cut oil production by 9,7 million barrels per day from May 1, 2020, in order to balance supply and demand on the global market. The Republic of Azerbaijan, as a …

SOCAR conducts the digital transformation of its oil and gas production. SAP UFAM (a joint solution of SAP and OIS) will combine production processes in one system and will be integrated into the digital core of the enterprise – SAP ERP. The start of industrial operation of UFAM is scheduled …

The 3D seismic acquisition programme on Block D230, which commenced in December 2019, was safely completed on March 14, BP Azerbaijan told AZERTAC. “Based on great cooperation with SOCAR and the seismic contractor Caspian Geophysical the project was completed successfully and on schedule. The next step is to process the acquired …

The State Oil Company of Azerbaijan (SOCAR) and Uzbekneftegaz JSC have agreed to hold a series of technical meetings in order to share achievements and exchange experience as SOCAR President Rovnag Abdullayev met with chairman of the Board of the Uzbek company Mekhriddin Abdullaev. Rovnag Abdullayev highlighted the use of …

Some 291 million tons of profit oil have been produced in the Azerbaijani sector of the Caspian Sea at the Azeri-Chirag-Gunashli (ACG) oil and gas fields block by December 1 of this year, said first vice-president of SOCAR (State Oil Company of Azerbaijan), academician Khoshbakht Yusifzade. “The ACG project participants …

President of State Oil Company of Azerbaijan Republic (SOCAR) Rovnag Abdullayev has met with a delegation led by Chairman of Board of Supervisors of China’s Silk Road Fund Yang Zejun. Rovnag Abdullayev hailed the huge investment opportunities of the Silk Road Fund of China, stressing that it can contribute to …

The SOCAR Turkey Energy A.S (STEAŞ) has completed the purchase of the shares of the German energy giant EWE Turkey Holding, subsidiary of EWE, in Bursagaz, Kayserigaz, EWE Enerji, Enervis and Millenicom companies. “These companies will continue their operations under the SOCAR Turkey’s ownership adding value to the Turkish and …

Initial oil and condensate reserves of Azeri Chirag Gunashli, Shahdaniz, Ashrafi, Garabagh, Umid and Absheron fields located in the Azerbaijan sector of the Caspian Sea is estimated with 1 458 million tons, SOCAR told APA Economics. 1 340 million tons of the shown number falls to Azeri Chirag Guneshli (1 100 million …

SOCAR AQS has hosted a career fair in Boulevard Hotel in collaboration with Azerbaijani Alumni Association (AAA). The event aimed to bring together students who studied and worked both in Azerbaijan and abroad, support them in building a career and present them the job opportunities at the company. Employees of …