State Oil Company of Azerbaijan Republic (SOCAR)

SOCAR drilling new well at Oil Rocks field

Azerbaijan’s state oil company SOCAR will additionally produce around 3.65 thousand tons of oil and 365 thousand cubic meters of gas annually through commissioning of a new well which is being drilled on the Oil Rocks offshore …

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 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

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 …

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 …