State Oil Company of Azerbaijan Republic (SOCAR)

State Oil Company of Azerbaijan Republic (SOCAR)
The State Oil Company of Azerbaijan Republic (SOCAR) is a wholly state-owned national oil company headquartered in Baku, Azerbaijan. The company produces oil and natural gas from onshore and offshore fields in the Azerbaijani section of the Caspian Sea. It operates the country's two oil refineries, one gas processing plant and runs several oil and gas export pipelines throughout the country.
 

New drilling rig in Azerbaijan

New drilling rig in Azerbaijan

Ilham Aliyev: "Foreign companies invest in Azerbaijan, but this facility was invested by Azerbaijani state"

SOCAR and Uzbekneftegaz to jointly develop oil and gas fields

SOCAR and Uzbekneftegaz to jointly develop oil and gas fields

Azerbaijan`s and Uzbekistan`s state oil firms, SOCAR and Uzbekneftegaz, have agreed to jointly develop oil and gas fields. The two companies reached agreement as the SOCAR President Rovnag Abdullayev and the …

Liana Dzhervalidze: Georgia is looking forward for launch of the Southern Gas Corridor’’

Liana Dzhervalidze: "Georgia is looking forward for launch of the Southern Gas Corridor’’

One of the leading Georgian experts in the energy sphere speaks about the importance of the upcoming launch of the Southern Gas Corridor for Georgia

SOCAR reconsiders construction of carbamide plant in Georgia

SOCAR reconsiders construction of carbamide plant in Georgia

SOCAR may reconsider construction ofcarbamide plant in Georgia, the head of carbamide plant in Sumgayit, Khayal Jafarov, said at the 2nd International Caspian and Central Asia Downstream Forum. "We postponed …

SOCAR intends to start production at Absheron gas field in two years

SOCAR intends to start production at Absheron gas field in two years

The State Oil Company of Azerbaijan (SOCAR) intends to begin natural gas production at Azerbaijan's Absheron field in the Caspian Sea in late 2019 or early 2020. SOCAR official Vitaliy Beglyarbekov said …

Azerbaijan’s SOCAR boosts oil, gas output in Caspian Sea

Azerbaijan’s SOCAR boosts oil, gas output in Caspian Sea

Azerbaijan’s state-run oil company SOCAR will produce another 43,800 tons of oil and around 3.65 million cubic meters (129 million cubic feet) of gas per year after it commissioned a new well on the Guneshli offshore field. As …

Gulmira Rzayeva: Azerbaijan will ensure Europe#039s energy security for many years to come

Gulmira Rzayeva: "Azerbaijan will ensure Europe's energy security for many years to come"

Energy expert of the Strategic Studies Center under Azerbaijani President on the future of the Southern Gas Corridor and the development prospects of European and Turkish gas markets

Are Georgia and Armenia discussing Karabakh?

Are Georgia and Armenia discussing Karabakh?

Are Georgia and Armenia discussing Karabakh?

Presentation of Gazprombank held in Baku

Presentation of Gazprombank held in Baku

A presentation of Gazprombank (GPB) was held in Baku today, the First Vice-President of GPB, Alexander Kaznacheyev, presented the opportunities of the Russian oil and gas giant Gazprom's bank in Azerbaijan, the …

SOCAR may take part in oil and gas projects in Iran

SOCAR may take part in oil and gas projects in Iran

A delegation led by President of SOCAR Rovnaq Abdullayev met with Iran's oil minister Bijan Namdar Zanganeh, APA reports. According to SOCAR’s website, the two sides discussed the current …

SOCAR plans to sell part of stake in Petkim

SOCAR plans to sell part of stake in Petkim

SOCAR Turkey Enerji A.S., a subsidiary of Azerbaijan’s state oil company SOCAR in Turkey, plans to sell a part of its stake in Turkish petrochemical complex Petkim, Trend reports. Thus, 15.2 million of shares will be sold in …

SOCAR commissions new well in Caspian Sea

SOCAR commissions new well in Caspian Sea

The State Oil Company of Azerbaijan (SOCAR) has commissioned a new well at ‘Oil Rocks’ field in the Azerbaijani sector of the Caspian Sea, SOCAR said. The daily flow rate of the well No. 2156, drilled in the range of …

How shutdown of Enguri HPP affects Georgia#039s relations with Azerbaijan and Russia

How shutdown of Enguri HPP affects Georgia's relations with Azerbaijan and Russia

Tbilisi will not give up the priority co-operation with a reliable and proven Azerbaijani partner

SOCAR and IBM agree on cooperation

SOCAR and IBM agree on cooperation

SOCAR and the US company IBM signed the Memorandum on Strategic Cooperation today.  The memorandum was signed by SOCAR President Rovnag Abdullayev and the Senior Vice President of IBM and the chairman of IBM …

BP: ‘contract of the Century’ may be extended in summer

BP: ‘contract of the Century’ may be extended in summer

The BP company expects the ‘Contract of the Century’ for the further development of the Azeri-Chirag-Gunashli (ACG) block of oil and gas fields in the Azerbaijani sector of the Caspian Sea, to be signed in the middle of 2017, …

Georgia and Gazprom drawn line under era

Georgia and Gazprom drawn line under era

Tbilisi has not yet been freed from the 'phobia of gas' due to a possible lack of energy

SOCAR releases information about fire at gas pipeline in Sangachal

SOCAR releases information about fire at gas pipeline in Sangachal

A fire broke out at the main gas pipeline in the Sangachal settlement of Azerbaijan’s Garadagh district on January 10 at about 20.45 pm, APA reports with reference to the press service of SOCAR.   According to the …

Over 150 different types of things from collapsed pier found in Caspian Sea

Over 150 different types of things from collapsed pier found in Caspian Sea

During the search and rescue operation, over 150 different types of things supposed to belong to collapsed on December 15 pier have been found and handed over, the State Maritime Administration of Azerbaijan Republic said. …

Azerbaijan to increase oil transportation through Russia

Azerbaijan to increase oil transportation through Russia

In 2017, SOCAR plans to export about 1.5 million tons of oil through Russia, while in 2016 this figure is expected to reach 1.3 million tons. Azerbaijan’s State Oil Company SOCAR and Russia’s Transneft have agreed on …

Azerbaijan contracts new energy services

Azerbaijan contracts new energy services

Technip's position is strengthened by a service contract with SOCAR

Gas pipeline explosion in Baku

Gas pipeline explosion in Baku

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The explosion occurred at 10:00 am local time in one of main gas lines in Baku's Sangachal, the Azerbaijani Ministry of Emergency Situations said, adding that the explosion occurred in 43rd km of Baku-Alat road.

Ilham Aliyev turns 55

Ilham Aliyev turns 55

December 24 is the birthday of Azerbaijani President Ilham Aliyev. Aliyev was born in Baku on December 24, 1961. He entered the Moscow State University of International Relations (MGIMO) in 1977 and graduated it in 1982. Upon his …

SOCAR grows overseas

SOCAR grows overseas

Azerbaijani State Oil Company plans to continue to expand

44 vessels, 6 helicopters involved in search for oilmen missing in Caspian Sea

44 vessels, 6 helicopters involved in search for oilmen missing in Caspian Sea

The search continues for oilmen who went missing in the Caspian Sea as a result of an accident at the oil-gathering station #3 of the Oil and Gas Production Department of SOCAR’s Azneft Production Union, the headquarters, created in …

Who will get the biggest piece of Transcaucasian Pipeline?

Who will get the biggest piece of Transcaucasian Pipeline?

Tbilisi cannot agree with Gazprom on monetization of payments for transit of Russian gas

Headquarters created in Azerbaijan to search for missing oilmen

Headquarters created in Azerbaijan to search for missing oilmen

Azneft Production Union has created a headquarters in connection with the accident at the oil-gathering station #3 of the oil and gas output department named after N. Narimanov, Azerbaijan’s state oil company SOCAR said. Earlier, …

10 people missing due to accident in Caspian Sea

10 people missing due to accident in Caspian Sea

Ten people are missing as a result of an accident at the oil-gathering station #3 of the department on oil and gas output of Azneft Production Union, …

 SOCAR establishes new company

SOCAR establishes new company

Azerbaijan's Ministry of Taxes registered SOCAR Capital LLC. The authorized capital of the company makes up AZN 3 million. SOCAR Capital's legal representative is Samir Karimov.   Members …

Itochu keen to expand co-op with SOCAR

Itochu keen to expand co-op with SOCAR

Japan’s Itochu Corporation is interested in expanding cooperation with Azerbaijan’s state oil company SOCAR, Masahiro Imai, a member of the board at Itochu, said, Trend reports. Imai made the remarks at a …

Kakhaber Gogotishvili: Azerbaijani state has substantially helped Georgian Orthodox Church

Kakhaber Gogotishvili: "Azerbaijani state has substantially helped Georgian Orthodox Church"

The deputy chairman of the External Relations Department of the Georgian Orthodox Church on the Georgian-Azerbaijani cooperation