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SOCAR’s Kulevi Terminal to Increase Unloading Capacity

The Black Sea terminal of Azerbaijan’s state oil company SOCAR in Kulevi, Georgia, plans to increase its fuel oil unloading capacity, reads a message on the terminal’s website. This is to be carried out through the implementation of a project that will increase the unloading capacity of trestles #3 and …

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SOCAR Foreign Investments Near $4.5B

As of January 1, 2017, Azerbaijan’s state oil company SOCAR invested almost $4.49 billion in projects abroad, a source in the company told Trend June 16. The greatest share of the company’s investments – $3.334 billion – accounted for projects in Turkey, according to the source. “As much as $414.5 …

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Special Announcement of SOCAR Energy Georgia

Special Announcement of SOCAR Energy Georgia

Several news agencies have spread information as of security service of SOCAR Energy Georgia had set up a watch on Afgan Mukhtarli. We stress that the spread information is a lie and slander. This information does not reflect the reality and SOCAR Energy Georgia has no relation with this fact. …

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TAP to Ensure More Sustainable Energy Future for Europe

TAP to Ensure More Sustainable Energy Future for Europe

The Trans Adriatic Pipeline (TAP) project, which envisages delivery of Azerbaijani gas to Europe, will ensure a more sustainable energy future for this continent, said the country manager of TAP AG consortium for Greece Rikard Scoufias. He pointed out South-Eastern Europe is a region that could benefit most from the …

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SOCAR Becomes Liquid Gas Monopolist

In 2017 the excise tax rate increased on oil products and this fact has already made significant changes on Georgian automobile market. After the mentioned tax amendments, the demand for hybrid vehicles increased at once, first of all. Higher excise tax rate also raise the value of vehicle gas CNG …

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SOCAR Still Interested to Build Carbamide Plant in Georgia

Despite the construction of a carbamide plant in Azerbaijan, the issue of building a carbamide plant in Georgia hasn’t been removed from the agenda, said the plant’s director Khayal Jafarov. He made the remarks at the ‘The 2nd SOCAR International Caspian and Central Asia Downstream Forum – Trading, Logistics, Refining, …

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SOCAR Ready to Increase Natural Gas Supply to Georgia

SOCAR: we Hope, Investments Made by us Will Reflect on the Rate

SOCAR shows readiness to increase daily supply of natural gas to Georgia by 3 million cubic meters from current 7 million cubic meters, Deputy Head of Natural Gas Exports Department of SOCAR, noted. “In 2016, amid Gajigabul-Gardabani pipeline rehabilitation works, daily operating capacity rose to 10 million cubic meters and …

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Commercial Gas Output to Reach 40 bcm in Azerbaijan

The volume of commercial gas production in Azerbaijan will reach 40 billion cubic meters per year until 2025, said Nazim Samadzade, first deputy head of the Gas Export Department of Azerbaijan’s state oil company SOCAR. He made the remarks during the conference titled “The 2nd SOCAR International Caspian and Central …

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Revisions Needed for AGRI Project’s Feasibility Study

Revisions Needed for AGRI Project’s Feasibility Study

Azerbaijan-Georgia-Romania Interconnector (AGRI) project is not just an issue of strategic thinking; it is first of all an issue of commercial interest, says Romanian ambassador to Georgia Radu Liviu Horumba. “For the moment, we have discussed the feasibility study that was done and this discussion continues at the governmental level,” …

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