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How SOCAR Monopolized the Liquefied Gas Market

Consumer interest in liquefied petroleum gas (LPG) is growing, as prices are rising for condensed natural gas (CNG). At this point, the price of LPG is much lower than that of natural gas. The price of one cubic meter of CNG is 1.55 GEL, while one kilogram of LPG is …

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SOCAR Exports More than 219,000 Tons of Oil Products to Georgia

Azerbaijan exported to Georgia more than 219,336 tons of oil products in 2017, azernews reports. Moreover, 2.203 billion cubic meters of natural gas were transported from Azerbaijan to Georgia, according to SOCAR Energy Georgia. SOCAR Energy Georgia was established in 2006. In the Georgian market SOCAR carries out wholesale and …

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SOCAR: Report on Oil Products Market Contained Many Inaccuracies

Levan Giorgadze SOCAR

SOCAR has given its first comment to BM.GE about the Competition Agency is to start repeated exploration of oil products market. As reported, according to Court of Appeals, the case was returned to Competition Agency for repeated exploration. The SOCAR Georgia Petroleum director general noted that the decision passed by …

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SOCAR: Our Country should Make Focus on Small, but Top Quality Production

Major importers assert that Georgia should follow the experience of Switzerland. Levan Giorgadze, SOCAR Georgia Petroleum director general, says: “Our country should not produce a lot and low-quality products. Our country should make focus on small and top quality production, premium segment. Swiss chocolate, watches are expensive, but in-demand products. …

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SOCAR to Rehabilitate Old and Amortized Pipelines in Georgia

Azerbaijan’s state oil company SOCAR plans to make investments in rehabilitation of old and amortized pipelines in Georgia in 2018, head of SOCAR Energy Georgia Mahir Mammadov told Trend in an exclusive interview. He pointed out that in December 2017, SOCAR Georgia Gas successfully completed the fulfillment of its investment …

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SOCAR’s Black Sea oil Terminal Ships 2,200 Tankers

On December 15, the 2,200th tanker was shipped from the Black Sea terminal of Azerbaijan’s state oil company SOCAR in Kulevi, Georgia, reads a message posted on the terminal’s website. The message said the Kulevi oil terminal started operating May 16, 2008, and it took less than a month for …

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SOCAR Buys Natural Gas from Gazprom

“We buy natural gas from foreign countries too, including from Russia”, SOCAR PR office representative Ibrahim Ahmedi told APA news agency. The purchased natural gas is sold either on both domestic market or is re-exported to foreign markets, he said. We remind you that Gazprom and SOCAR agreed on gas …

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SOCAR Discloses Volumes of Gas Export to Georgia and Turkey

By Maksim Tsurkov – Trend: Since the beginning of operation in 2006, 86 billion cubic meters of gas and 21.5 million tons of condensate have been extracted from Azerbaijan’s Shah Deniz biggest gas field, Alakbar Abbasov, adviser to the first vice president of Azerbaijan’s state oil company SOCAR, said. Abbasov …

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BP-led Group Extends Huge Azerbaijan Oil Field Deal to 2050

BP-led Group Extends Huge Azerbaijan Oil Field Deal to 2050

BP signed a contract with the government of Azerbaijan today to extend a production sharing deal until 2050. A group led by BP agreed with the State Oil Company of the Republic of Azerbaijan (Socar) to continue developing the huge Azeri Chirag fields and the deep water portion of the Gunashli field …

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SOCAR Allocates Fuel for Firefighting Measures in Borjomi Gorge

SOCAR has allocated fuel for firefighting activities in Borjomi Gorge, the company statement reads. “Regretfully, natural disaster has annihilated a major part of the woodland. Rescuers and firefighters continue fire liquidation measures. It is necessary to stand united and render assistance today and contribute to the woodland restoration in the …

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SOCAR Planning to Increase Gas Production in Coming Years

SOCAR planning to increase gas production in coming years

Azerbaijan’s state oil company SOCAR is looking to increase production of natural gas in coming years, the company’s head Rovnag Abdullayev said in his interview with Reuters. In coming years, said Abdullayev, the country expected to put on stream several gas fields that would provide much-needed output growth. “We aim …

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