SOCAR

Russian gas may be one of the sources for SGC - Deputy Vice President of SOCAR

The Deputy Vice President of SOCAR (State Oil Company of Azerbaijan) for investments and marketing Vitaly Beglyarbekov did not rule out that Russian gas in the future could become one of the source

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Aliyev approves contracts of SOCAR and Equinor for development in Azerbaijani sector of Caspian Sea

On Thursday the Azerbaijani President Ilkham Aliyev  approved two contracts for the development of areas in the Azerbaijani sector of the Caspian Sea, signed between SOCAR (State Oil Company o

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SOCAR Petroleum starts retail with CNG in Azerbaijan

On Wednesday, SOCAR Petroleum (subsidiary of SOCAR) started to retail compressed natural gas (CNG) in Azerbaijan, the company reports.

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In H1, SOCAR exported about 640 thousand tons of oil via Baku-Novorossiysk oil pipeline

SOCAR exported 638.6 thousand tons of oil through the Baku-Novorossiysk main oil pipeline in the first six months of 2018.

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Azerbaijani Parliament ratifies 2 contracts between SOCAR and Equinor for development of areas in Azerbaijani sector of Caspian Sea

At the plenary meeting on Friday Milli Majlis (Parliament) of Azerbaijan ratified two contacts for the development of areas in the Azerbaijani sector of the Caspian Sea, signed between SOCAR (State

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TANAP to be prepared for supplies of Azerbaijani gas to TAP by mid-2019

In mid-2019, the Trans-Anatolian gas pipeline (TANAP) will be ready to supply Azerbaijani gas from the Shah-Deniz field to the Trans-Adriatic gas pipeline (TAP), said head of SOCAR Turkiye Enerji M

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In 2018, SOCAR to receive about 1 bln from budget for drilling at some fields and covering losses

In 2018, SOCAR will receive 963.2 million manats from the state budget to carry out drilling works at a number of fields and to cover losses in connection with gas imports, Finance Minister Samir S

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In 2018 SOCAR spent about $70 million on purchase of 4 vessels

SOCAR (State Oil Company of Azerbaijan Republic) has spent 115 million manats ($68 million) on purchase of 4 vessels since early 2018, the company said in its financial report for 2017.

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SOCAR’s income from activity in foreign projects grows

In 2017, revenues of the Azerbaijani state-owned oil company SOCAR from activities in Switzerland amounted to 78.63 billion manats against 40.44 billion manats in 2016.

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State Oil Company of Azerbaijan increases its stake in SOCAR Energy Georgia to 75.5%

SOCAR (State Oil Company of Azerbaijan Republic) increased its share in the Georgian subsidiary SOCAR Energy Georgia to 75.51%, SOCAR said in its annual report for 2017.

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