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Tag Archives: SOCAR

SOCAR, KazMunayGas sign MoU in Astana


The State Oil Company of Azerbaijan Republic (SOCAR) and Kazakh National Company KazMunayGas JSC have signed a Memorandum of Understating in Astana. The MoU provides for the upgrade of KazMunayGas-owned floating drilling rig “Satti” in Baku and its utilization in SOCAR`s projects in the Azerbaijani sector of the Caspian Sea. …

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SOCAR Energy Ukraine reveals priorities for 2019

SOCAR Energy Ukraine, Ukrainian subsidiary of Azerbaijan’s state oil company SOCAR, plans to open up to eight new filling stations in Ukraine in 2019, the company told Trend. SOCAR Energy Ukraine said that currently the main tendency not only in Ukrainian, but also in European filling stations’ market is the …

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Azerbaijani Taxes Ministry, SOCAR make joint statement

Tax audits, which are being held in the Azerbaijani state oil company SOCAR, are the planned on-site inspections, Trend reports referring to a joint statement made by SOCAR and the Azerbaijani Taxes Ministry on Jan. 10. While commenting on the recent information regarding tax audits in SOCAR, both structures emphasized …

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SOCAR eyes to increase investments in Turkey

The value of investments of Azerbaijan’s state oil company SOCAR in Turkey will reach $19.5 billion, director general of the STAR oil refinery of SOCAR, Mesut Ilter, told the Turkish media Jan. 5, Trend reports. Speaking about current projects, Ilter noted that the STAR refinery (one of SOCAR’s assets in …

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