SOCAR

SOCAR intends to invest in upgrade of pipelines in Georgia in 2018

Azerbaijani state-owned oil company SOCAR has planned to invest in modernization of old pipelines in Georgia in 2018.

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Ilham Aliyev: SOCAR to study issues of provision of Bulgaria with gas

The Azerbaijani company SOCAR will soon study the issues of provision of Bulgaria with gas and will inform about the opportunities.

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In 2017, SOCAR reduced oil production by 1%

In 2017, SOCAR produced 7 427.1 thousand tons of oil, which is by 1.3% less than in 2016, the company informs.
Last December, SOCAR produced 624.3 thousand tons of oil.

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Volume of Azerbaijani profit oil, produced from Azeri-Chirag-Gunashli, made up about 251 mln tons as of the beginning of 2018

As of January 1, 2018, the total volume of Azerbaijan's profit oil, produced so far from the Azeri-Chirag-Gunashli fields block, made up 250.7 million tons, the first vice-president of SOCAR Kh

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Gas production within Shah-Deniz-2 in Azerbaijan to start in autumn of 2018

Azerbaijan plans to start gas production within the second stage of the development of the large Shah Deniz gas condensate field in autumn of 2018.

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Azerbaijan to receive first tranche of the bonus for extension of the development of the Azeri-Chirag-Gunashli oil block as early as 2018

In 2018 Azerbaijan will receive the first tranche of the bonus from a consortium of foreign investors for the extension of the contract for the development of the Azeri-Chirag-Guneshli (ACG) oil fi

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Turkish Petkim buys 18% stake in STAR refinery

The Turkish petrochemical complex Petkim acquired an 18% stake in STAR Rafineri A.S., a company engaged in the construction of a STAR refinery in Izmir, the website of the State Platform for Public

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The Czech Republic to buy Azerbaijani oil products in 2019

The Czech Republic will purchase from Azerbaijan petrochemical products produced at local petrochemical plants.

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Georgian authorities officially refuse buying Russian gas

The Georgian Ministry of Economy has officially announced the approval of the balance of the "blue" fuel use in 2018, according to which the country will buy more raw materials from the R

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In 2018, SOCAR to export about 1.5 mln tons of oil through Russia

The Azerbaijani state-owned company SOCAR and Russian Transneft have agreed on the volume of oil transportation via the Baku-Novorossiysk pipeline for 2018. This was reported by SOCAR.

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