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 …
Read More »Azerbaijan Warns of Risks to Caspian Energy Exports from Conflict with Armenia
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 …
Read More »TAP will Facilitate Europe’s Energy Transition
The project is currently in its construction phase. which started in 2016.
Read More »Europe’s Southern Gas Corridor almost ready
The total cost for the entire Southern gas corridor is close to $40 billion.
Read More »SOCAR will Buy Iraqi Oil for Refinery in İzmir
SOCAR Turkey will supply 700.000 tons of jet fuel to Istanbul Airport on an annual basis.
Read More »SOCAR Considers Distributing 4 bcm of Gas to Consumers in Turkey from 2020
SOCAR is represented in Turkey by its subsidiary SOCAR Turkey Energy.
Read More »SOCAR`s New Petrochemical Investment to Operate by 2023
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.
Read More »BP and SOCAR Sign New Oil Agreement
BP and the government of Azerbaijan extended their agreement to continue developing the ACG fields until 2050 in a major deal in 2017.
Read More »SOCAR will Establish $1.5 Billion Petrochemical R&D Center in Turkey
The R&.D center will focus on the development of petrochemical products. materials. and energy efficiency.
Read More »Star Refinery will Reduce Turkey`s Diesel Imports to 40%
The total refining capacity of the refinery will be 10 million tons.
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