Tag Archives: SOCAR GPC

According to Azernews, ver $106 billion were invested in Azerbaijan’s oil sector in the period between 1995 and 2019, Energy Minister Parviz Shahbazov has said. During the period, out of $140 billion of foreign investments in Azerbaijan, $85 billion were attracted to the oil sector, Shahbazov said addressing the seminar …

Elshad Nassirov, vice president of Azeri state energy company SOCAR, said on a conference call some of the energy infrastructure involved in shipping Caspian oil and gas to world markets is located in the vicinity of the current military operations. Fifteen servicemen from Azerbaijan and Armenia and one Azeri civilian …

The project is currently in its construction phase. which started in 2016.

The total cost for the entire Southern gas corridor is close to $40 billion.

SOCAR Turkey will supply 700.000 tons of jet fuel to Istanbul Airport on an annual basis.

SOCAR is represented in Turkey by its subsidiary SOCAR Turkey Energy.

The gas transmission capacity of the project can be increased to 24 billion cubic meters first and to 31 cubic meters with additional investments later.

BP and the government of Azerbaijan extended their agreement to continue developing the ACG fields until 2050 in a major deal in 2017.

The R&.D center will focus on the development of petrochemical products. materials. and energy efficiency.

The total refining capacity of the refinery will be 10 million tons.