SOCAR

The president Ilham Aliyev attends the opening of the SOCAR karbamid plant.

On January 16 the SOCAR karbamid plant, built on the territory of the Sumgayit Chemical Industrial Park, was commissioned.

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100 bcm of gas are produced at the Shah Deniz field.

The total gas production from the Shah-Deniz gas condensate field (GKF) in Azerbaijan amounted to 100 billion m3 of gas in 2006-2018, the project operator, BP-Azerbaijan announced on January

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In spring of 2019, Equinor to start seismic survey at block of promising structures Ashrafi-Dan-Ulduzu-Aipara in the Caspian Sea

Norwegian company Equinor has planned to start seismic surveys on the block of promising structures of Ashrafi - Dan-Ulduzu-Aipara in the Azerbaijani sector of the Caspian Sea in mid-March 2019, it

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SOCAR Polymer creates unified automated business management system based on SAP ERP

“Thanks to the implementation, constant monitoring of efficiency has been ensured, decision-making processes, external and internal audits have been simplified.

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ExxonMobil and Chevron think about withdrawal from Azeri-Chirag-Gunashli project in Azerbaijan

ExxonMobil and Chevron have planned to sell their shares in the Azeri-Chirag-Gunashli block in the Azerbaijani sector of the Caspian Sea.

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SOCAR to reduce carbon dioxide emissions by 35% in fight against climate change

By 2030, the Azerbaijani state company SOCAR will reduce carbon dioxide emissions by 35%. This was stated by UN Resident Coordinator Alessandro Fracasetti.

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SOCAR may take part in geological exploration in Uzbekistan

Uzbekneftegaz JSC expects to attract SOCAR (State Oil Company of Azerbaijan) to carry out geological exploration in Uzbekistan.

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SOCAR: Share of local petroleum products in Azerbaijani energy balance may grow

Local content of petroleum products in the energy balance of Azerbaijan may increase after completion of modernization of the refinery named after Heydar Aliyev.

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In 2017, Azerbaijan and SOCAR together sold about 132 mln barrels of oil

In 2017, sales volume of oil falling on SOCAR and Azerbaijan amounted to 131 682.405 thousand barrels to the total amount of $7 billion 111.86 million 936.802 thousand.

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In 2017, participants of project of Azeri-Chirag-Gunashli block development paid profit taxes in the amount of $366.5 mln to state budget of Azerbaijan

In 2017, oil and gas companies operating in Azerbaijan paid $379.561 million of profit tax to the state budget, which is by 46.7% more than in 2016.

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