SOCAR

In January-September, Azerbaijan increased gas export by 8%

In January-September 2017, Azerbaijan exported 6 230.1 million cubic meters of natural gas, which is by 7.7% more than in the same period last year, the Government reports.

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In January-October, Azneft produced over 5.1 mln tons of oil and 4.3 bln cubic meters of gas

In January-October 2017, production association Azneft (structure of SOCAR for oil and gas production) produced 5 135.9 thousand tons of oil and 4.34 billion cubic meters of gas, the association re

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BP hopes to sign contract with SOCAR on development of promising block D230 in the Caspian Sea by 2018

BP has counted to sign a contract with SOCAR to explore the promising block D230 at Northern Absheron in the Azerbaijani sector of the Caspian Sea by the end of 2017, regional president of BP for A

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In January-October, pumping of Azerbaijani oil via Baku-Tbilisi-Ceyhan fell by 7%

In January-October 2017, volume of Azerbaijani oil pumping via the Baku-Tbilisi-Ceyhan pipeline amounted to 22 595.463 thousand tons, which is by 7.4% less than in the same period last year, S

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SOCAR: Azerbaijan may extract the 3 billionth tons of oil in 2060

Azerbaijan can produce the 3 billionth ton of oil in 2060, said the first vice-president of SOCAR Khoshbakht Yusifzade.

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SOCAR plans to complete construction of oil collection park at the Bibi-Eibat field

Production association of SOCAR Azneft has planned to complete the construction of a new tank farm in the territory of the oil and gas production department of Bibieibatneft by June 2018, the compa

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In January-October SOCAR reduces the export of products by 29.4%.

In January-October 2017 SOCAR (the State Oil Company of Azerbaijan) exported 667,538 tons of oil products and petrochemicals, which is 29.4% less than within 10 months of 2016, when the company sup

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Incomes of gas processing and petrochemical complex SOCAR GPC estimated at $1.2 bln

The annual income from the activities of a new gas processing and petrochemical complex, which is planned to be built in the Garadagh district of Baku within the framework of the SOCAR GPC project,

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SOCAR plans to use large drilling rig in 2018

In 2018, SOCAR has planned to use a large Azerbaijani semisubmersible drilling rig Dede Gorgud in drilling in the Caspian Sea.

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SOCAR’s subsidiary launches new high-yield well at the Bulla-deniz field

Azneft has commissioned an exploration well №78 with a high production rate at the Bulla-Deniz field. This was reported by SOCAR on November 7, 2017. 

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