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Tag Archives: socar

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

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

SOCAR Georgia Gas hopes that tariff review process will not prolonged by Georgian National Energy and Water Supply Regulatory Commission. Azer Mamedov, general director of  the company told the reporters that the company is demanding  revising tariff of the distribution segment, while he did not specify whether the gas tariff …

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Socar Georgia Petroleum Appoints New General Director Levan Giorgadze

Levan Giorgadze

Socar Georgia Petroleum appointed Levan Giorgadze as a new general director of the company. Giorgadze replaced former General director Davit Zubitashvili who by this time is appointed as a chair of a council. SOCAR Georgia Petroleum, Ltd is the largest importer of petrol and diesel in Georgia. It imports up …

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MIGA Guarantee for TANAP to help Draw in Commercial Banks

MIGA Guarantee for TANAP to help Draw in Commercial Banks

The board of the Multilateral Investment Guarantee Agency (MIGA) has approved a guarantee for up to $1.2 billion for the Trans-Anatolian Natural Gas Pipeline (TANAP) project, a source in MIGA told Trend Dec.30. “The guarantee is expected to help draw in commercial banks that will contribute to long-term financing needs …

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Fuel Prices to Increase in Georgia

The fuel has become more expensive in Georgia. Fuel importer companies explain this with the inflation of GEL exchange rate. During last week, the price of premium increased with 3 tetri according to the company “Prego”.  There are expecting it will increase again in January. 5 tetri increases has been …

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