Tag Archives: SOCAR GPC

Shah Deniz stage 2 is on track for start-up in 2018. currently on time and under budget.

Azerbaijan has put forward an initiative to implement the project of the Southern Gas Corridor.

SOCAR Trading. headquartered in Geneva. was established in late 2007 by the State Oil Company of Azerbaijan.

This team will once a week conduct assessment meetings on the implementation of the project and inform the management of the results of the meetings.

SOCAR specialists will provide detailed information about the implementation of current and further development projects as part of the technical session in Sumgait on November 30.

There is a huge ground for cooperation in the energy sector between Iran and Azerbaijan to help boost the two nation'.s economic development.

Absheron’s reserves are estimated at 350 billion cubic meters of gas and 45 million tons of condensate.

TAP’s shareholding is comprised of BP (20 percent). SOCAR (20 percent). Snam S.p.A. (20 percent). Fluxys (19 percent). Enagás (16 percent) and Axpo (5 percent).

Under a new draft agreement SOCAR’s share would rise to 25 percent from 11.65 percent.

Construction and assembly works on the new project. proposed by the plant. have been started to improve the process of separating oil products from industrial water.