Tag Archives: SOCAR GPC

Equinor Sells Its Azerbaijan Assets to Socar

Equinor and SOCAR (State Oil Company of Azerbaijan Republic) have signed an agreement whereby Equinor will divest all its remaining assets in Azerbaijan to SOCAR. The assets comprise a 7.27% non-operated interest in the Azeri Chirag Gunashli (ACG) oil fields in the Azerbaijan sector of the Caspian Sea, 8.71% interest …

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ADNOC Acquires 30% Stake in Azeri Gas Field

Abu Dhabi National Oil Company (ADNOC) will buy 30% in the Absheron gas field in the Caspian Sea in Azerbaijan by acquiring stakes from the current partners in the field, TotalEnergies and SOCAR. The French supermajor and State Oil Company of the Republic of Azerbaijan (SOCAR) have signed an agreement …

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Turkish Earthquake Halts Azerbaijan’s Oil Exports

The two massive earthquakes that devastated a large area of southern Turkey and northern Syria on February 6 are causing problems for Azerbaijan’s oil exports. Crude exports via the Baku-Tbilisi-Ceyhan (BTC) pipeline and Turkey’s main oil terminal at Ceyhan have been halted with no clear indication what the problem is …

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