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Tag Archives: socar

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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EIA Says Shah Deniz 2 to More than Double Azerbaijan’s Natural Gas Exports

EIA Says Shah Deniz 2 to More than Double Azerbaijan’s Natural Gas Exports

The U.S. Energy Information Administration (EIA) has once again confirmed Azerbaijan’s importance in ensuring energy security both at regional and international scale. In its Country Analysis Brief report, EIA said Azerbaijan, one of the oldest oil-producing countries in the world, is an important oil and natural gas supplier in the …

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Greece to Get Over 2B euros in Investment within TAP Project

Greece to Get Over 2B euros in Investment within TAP Project

Greece will receive about 2.3 billion euros of direct investment within the Trans Adriatic Pipeline (TAP) construction project, Greek media reported citing SOCAR Energy Greece’s Head Anar Mammadov as saying. The head of SOCAR Energy Greece, a Greek subsidiary of Azerbaijani state oil company SOCAR, said 8,000 temporary and 2,000 …

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Azerbaijan’s SOCAR Commissions New Well in Caspian Sea

Azerbaijan’s SOCAR Commissions New Well in Caspian Sea

Azerbaijan’s state oil company SOCAR will additionally produce 3.65 million cubic meters of gas and 32,850 tons of oil per year as it has put into operation a new well in the Caspian Sea, said SOCAR in a message. The well was put into operation at the Gunashli offshore field …

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Azerbaijan’s SOCAR Trading keen to Work in Latin America

Azerbaijan’s SOCAR Trading keen to Work in Latin America

SOCAR Trading SA, the marketing arm of the State Oil Company of Azerbaijan Republic (SOCAR), plans to enter the Latin American market, the company’s CEO Arzu Azimov said June 20 in his interview with the Swiss French-language newspaper L’AGEFI. “Recently, we have opened two branches in Calgary (Canada) and Houston …

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