Tag Archives: SOCAR GPC

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 …

Cooperation between Türkiye and Azerbaijan in the field of energy is rapidly developing. Turkish BOTAS and Azerbaijan’s SOCAR have established a joint venture to supply gas to Europe,” said Turkish Minister of Energy and Natural Resources Fatih Donmez as he addressed CNN Turk TV channel. He noted that the Balkan …

Investments in the development of the Turkish petrochemical complex Petkim Petrokimya Holding in 2022 reached 4.108 billion Turkish lira, or $214.6 million, the holding said. SOCAR Turkey Enerji, the Turkish subsidiary of the State Oil Company of Azerbaijan, SOCAR, is the owner of a 51% controlling stake in the Petkim …

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 …

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.