State Oil Company of Azerbaijan Republic (SOCAR)

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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 …

Gas pipeline explosion in Baku

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

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 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

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 …