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Tag Archives: socar

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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AYFB: Competition Agency should Explore SOCAR’s Market Strategy

SOCAR

Andria Gvidiani, an analyst for the Association of Young Financiers and Businessmen (AYFB), makes a comment on invaluable competitive environment on Georgia’s autogas market and threats coming from dominant market positions of Azerbaijani SOCAR. Based on the  natural gas market realities, one monopolist supplier operates on the market represented by SOCAR and …

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SOCAR Builds New Tank Farm at Oil Terminal in Georgia

Azerbaijani state oil company SOCAR has completed construction of a new tank farm on the company’s Black Sea oil terminal in Kulevi (Georgia), said the terminal’s message posted on its website July 5. The project envisages construction of six tanks with a total capacity of 60,000 cubic meters and a …

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SOCAR Specifies Construction Cost of Turkey’s Petlim Port

The cost of Petlim container port’s construction project in Turkey is nearly $282 million, a representative of Azerbaijan’s state oil company SOCAR told Trend. A 70-percent share in this project is owned by Turkey’s Petkim petrochemical complex, a 57.5 percent-share of which is owned by Azerbaijan’s SOCAR. Petkim’s leadership said …

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