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Tag Archives: socar

SOCAR’s Bonds See Strong Demand

SOCAR's Bonds See Strong Demand

Bonds of Azerbaijan’s energy giant SOCAR, issued for the domestic market of the country enjoy high level of market uptake.   The demand for bonds, the nominal value of which is $1,000, has exceeded the supply twofold. Applications worth some $203,604 million were accepted by relevant institutes, while the total …

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SOCAR to Construct New Gas Pipeline in Georgia

gas pipeline

Azerbaijan’s state oil company SOCAR intends to construct a 360-kilometer gas pipeline in Georgia before late 2017, reads a message posted on the company’s website. The pipeline will make it possible to provide around 9,000 users with gas in Georgia. SOCAR President Rovnag Abdullayev, Azerbaijan’s Ambassador to Georgia Azer Huseyn, …

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The Number of Gas Consumers in Georgia Reach Million

socar

Millionth consumer has installed gas at home in Georgia, this special occasion has been celebrated by Georgian PM Giorgi Kvirikashvili, energy minister Ilia Eloshvili, Chairman of Government of Ajara Zurab Pataradze and President of Socar Rovag Abdulaev. Family lives in Ajarian region, village Khutsubani, at this time Socar gas Georgia …

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SOCAR Eyes Entering Bulgarian Oil Products Market

Azerbaijan’s state oil company SOCAR is interested in entering the Bulgarian oil products market, head of SOCAR Balkan Murad Heydarov told reporters. He noted that currently SOCAR is holding talks on the possibilities of benefiting from Bulgaria’s gas and oil products markets. “Such talks are underway. We believe this market …

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Gas Production at ACG Exceeds 124 Billion Cubic Meters

President of Azerbaijan’s State Oil Company (SOCAR) Rovnag Abdullayev has revealed the volume of production at Azeri-Chirag-Gunashli (ACG) block of oil and gas fields. In his article published in local state newspapers, Abdullayev said that 407 million tons of oil and 124.3 billion cubic meters of associated gas have been …

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Investors Allocate $705 million in Georgia

Investment

In the first half of 2016 investors put 834 million USD net foreign direct investments (FDI) in Georgia. A major part of the sum was directed to the transport and communications sector. Azerbaijan is reported to be the biggest donor. Despite elections, specialists expect the country to have attracted 1.5 …

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Azerbaijan Resumes Manufacture of Oil Products

Azerbaijan Resumes Manufacture of Oil Products

The Heydar Aliyev Baku Oil Refinery has resumed the manufacture of oil products, reads a message from Azerbaijan’s state oil company SOCAR. The refinery suspended the manufacture of oil products in August due to the scheduled repair works. Catalytic cracking, primary processing, coking and catalytic reforming facilities have been commissioned after …

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SOCAR to Construct 1600 KM Gas Distribution Network in 2016

Energy Minster and Vice Prime Minister Kakha Kaladze and SOCAR President Rovnag Abdulaeyv have visited the new gas distribution network in the village of Kirikhlo, the Marneuli District. The gas distribution network of 11 kilometer long will supply gas to 259 families in the village, the Georgian Energy Ministry reports. …

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SOCAR Oil Terminal in Georgia Starts Pipeline Cleaning

The Black Sea oil terminal of the state oil company of Azerbaijan SOCAR in Kulevi (Georgia) has completed installation of the device for cleaning of the pipeline and started its first operations, the message of the oil terminal said. This device used for cleaning, inspection and maintenance of pipelines, enables …

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Georgia Should Settle Energy Issues in Partnership with Azerbaijan

Georgia Should Settle Energy Issues in Partnership with Azerbaijan

Georgia should settle energy issues in partnership with Azerbaijan, a country it has traditionally friendly relations with, Georgian expert, chairman of the Institute for the Study of Georgia’s Development Gia Khukhashvili told Trend. He was commenting on the information which appeared in the Iranian media outlets regarding signing of a …

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