SOCAR

Lukoil wants to receive 20% in Absheron project in Azerbaijan

Lukoil wants to buy 20% in the Absheron gas project, head of the company Vagit Alekperov told reporters.

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Equinor attracts CDC as drilling contractor to Karabakh field

Azerbaijani-American company Caspian Drilling Company (CDC) has become a contractor of Norwegian company Equinor for drilling operations.

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SOCAR to extend cooperation with Afghanistan in field of petroleum products trade

SOCAR and Afghanistan intend to develop cooperation in the field of trade in petroleum products at the state level, SOCAR informed.

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Shareholders of Azeri-Chirag-Gunashli to take final investment decision on project of Central Eastern Azeri in Q2

Shareholders of the Azeri-Chirag-Gunashli oilfield block development project plan to take final investment decision on the Central Eastern Azeri project in the second quarter of 2019, said presiden

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Jones: With luck, D230 may become second Azeri-Chirag-Gunashli

BP is counting on discovery of a large oil field as a result of geological exploration work on the promising D230 block in the Azerbaijani sector of the Caspian Sea, BP’s regional president f

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SOCAR prepares to realize new project Mayak

Azerbaijani state-owned company SOCAR has been preparing to implement a new project Mayak at the Oil Rocks fields. This was told by representative of the company Ibrahim Akhmedov.

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In January-February, SOCAR increased export of oil via Baku-Novorossiysk by 56%

SOCAR exported 249.54 thousand tons of oil via the Baku-Novorossiysk oil pipeline in January-February 2019.

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SOCAR Polymer plans to export about 220 thousand tons of polyethylene and polypropylene in 2019

SOCAR Polymer (managed by SOCAR) has planned to produce 80-100 thousand tons of low-pressure polyethylene in the current year.

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In 2018, Azerbaijan increased production of associated gas by 1%

In 2018, associated gas production in Azerbaijan amounted to 14 047.4 million cubic meters, which is by 1.1% more than in 2017, the country’s Government reported.

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SOCAR Polymer’s net profit from operation of polypropylene and high-density polyethylene plants to be about $2 bln

SOCAR Polymer's revenues from operation of plants for production of polypropylene and high-density polyethylene in Sumgayit is expected to be $6.6 billion, the net profit will be $1.98 billion,

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