SOCAR

SOCAR plans to increase its share in segment of retail oil products sale on international markets

SOCAR has planned to continue expanding the filling station network abroad, the company’s president Rovnag Abdullayev says.

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In 2017, SOCAR plans to increase drilling volumes by 40%

The drilling volume by SOCAR will be about 148 thousand meters in 2017, SOCAR’s president Rovnag Abdullayev said.

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In the first 8 months, SOCAR produced 5 mln tons of oil and 4 bln cubic meters of gas

SOCAR produced 5 million tons of oil and 4 billion cubic meters of gas in January-August 2017, the company's president Rovnag Abdullayev said.

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In 2006-2017 total gas production on Shah Deniz field reached 85 billion cubic meters - SOCAR

The total volume of gas production at the Shah Deniz field in 2006-2017 was 85 billion cubic meters, SOCAR president Rovnag Abdullayev said.

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Current stocks of natural gas in underground storages of Azerbaijan exceed 2 bln cubic meters

The current natural gas reserves in the underground gas storage facilities of Azerbaijan make up 2.2 billion cubic meters, said president of SOCAR Rovnag Abdullayev.

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In H2 of 2018, SOCAR plans to start exploration on Babek structure in Azerbaijani sector of the Caspian Sea

SOCAR expects to begin geological exploratory on the Babek structure in the Azerbaijani sector of the Caspian Sea in the second half of 2018, SOCAR’s president Rovnag Abdullayev reports.

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Since the beginning of 2017, SOCAR’s gas processing plant processed 1.68 bln cubic meters of gas

Since the beginning of 2017, gas processing plant of the Azerbaijani state-owned company SOCAR has processed 1.68 billion cubic meters of gas.

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SOCAR completes the capital repairs at the "March 8" field in the Caspian Sea.

The Azerbaijani state company SOCAR has completed overhaul of stationary offshore base No.

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Gas production from the Absheron field in the Azerbaijani sector of the Caspian Sea is expected in late 2019 – SOCAR.

The extraction of gas from the Absheron field in the Azerbaijani sector of the Caspian Sea is expected in late 2019, Khoshbakht Yusifzade, the first vice president of the State Oil Company of the A

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Romania offers Azerbaijan new projects on energy cooperation

Romania offers Azerbaijan new projects on energy cooperation and expects the expansion of the activities of the Azerbaijani state-owned SOCAR in the country.

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