The State Oil Company of Azerbaijan (SOCAR) and Britain's BP company have signed an agreement to conduct geological exploration work in the shallow part of the Absheron archipelago, Khoshbakht Yusifzadeh, the First Vice-President of SOCAR told reporters on June 5, Trend
France's Total and Germany's E.ON plan to withdraw from a pipeline scheme to bring Azerbaijan's gas to Italy, an Azeri official said, as falling Italian demand puts energy projects there into doubt, Vagif Aliyev, SOCAR's investment department head at Azeri SOCAR said in
The Petkim Petrochemical Complex and SOCAR Turkey Enerji A.S. have signed a contract for a period of 20 years on purchase of raw materials from the Star refinery of Azerbaijan's state energy company SOCAR, Azernews reported on May 28.
Russian oil major Rosneft signed 12 agreements with its foreign partners at the St. Petersburg International Economic Forum, Prime reported on May 26. Rosneft signed an oil and oil product supply deal with Venezuela’s PDVSA; a U.S. $1.3 billion oil product supply deal with Mongolia’s NIC, and an oil supply agreement with Petrovietnam.
Azerbaijan's state energy company SOCAR has started exploratory drilling at the Agburun-Deniz offshore structure in the Azerbaijani sector of the Caspian Sea, Azernews reported on May 16.
The Trans-Adriatic (TAP) and Trans-Anatolian (TANAP) gas pipeline projects fall into the low-risk category, SOCAR Rovnag Abdullayev has said in his recent interview with The Business Year magazine, Azernews reported on May 16.
The State Oil Company of Azerbaijan has commissioned another well in the shallow part of "Guneshli" in the Azerbaijani sector of the Caspian Sea after overhaul, Trend said on May 14.
The Absheron gas condensate field in the Azerbaijani sector of the Caspian Sea will start producing gas not earlier than 2018, Azerbaijani Energy Minister Natig Aliyev told journalists on May 14, Trend reported on May 15.
Azerbaijan's state energy company SOCAR plans to resume gas supply to Russia after completing the restoration work on the pipeline that runs from Azerbaijan to Russia, Trend reported on May 14, citing SOCAR head Rovnag Abdullayev as saying on May 13.
The capacity of the Trans-Anatolian (TANAP) gas pipeline project will annually exceed 31 billion cubic meters of gas in 2026, Azernews reported on May 12.