Elshad Nasirov

SOCAR to develop oilfield in Russia?

Azerbaijan’s state oil company SOCAR is in talks with Russia’s Rosneft, Gazprom and Novatek over the development of an oilfield in Russia, SOCAR Vice President Elshad Nasirov said. Nasirov also said that …

SOCAR names cost of a barrel of its oil

The cost of extracting a barrel of oil costs $20 for SOCAR, the SOCAR vice president on investments and marketing Elshad Nasirov said. "Oil produced in Azerbaijan the from onshore and offshore fields, that is why …

SOCAR relies on Turkish stream

In the future Azerbaijan intends to use pipeline capacity of the Turkish stream in Europe in order to supply additional volumes of gas from its fields, said Vice President of SOCAR (State Oil Company of Azerbaijan)