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Tag Archives: socar

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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Construction Company of Gas Pipeline in Tbilisi

Construction Company of Gas Pipeline in Tbilisi

Construction of underground gas reservoir in Georgia might be started in September of this year, – Azerbaijan agency Fineko/abc.az. reports. The agency disseminates the news relaying on Kakha Kaladze, that tender results linked to the construction company should be revealed in the upcoming days. To note, over 230-250 cubic m …

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SOCAR Reduces Georgia’s Dependence on Russian Gas

SOCAR Reduces Georgia's Dependence on Russian Gas

Georgia does not depend on Russia as much as it was in the past, Giorgi Kvirikashvili, Prime Minister of Georgia said on Thursday. He made this statement at the International Energy Forum in Tbilisi, RIA Novosti reported. Kvirikashvili said Georgia and “Gazprom” held negotiation of a technical nature, which culminated …

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SOCAR Working to Increase Own Oil, Gas Production

Azerbaijan’s state oil company SOCAR plans to build nine infrastructural bases for drilling of 81 oil and gas wells in the Azerbaijani sector of the Caspian Sea in 2016-2017 as part of the company’s development strategy, and that will give impetus to hydrocarbon production growth in the country, SOCAR President …

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Azerbaijan’s SOCAR Drilling New Well in Caspian Sea

Azerbaijan’s SOCAR Drilling New Well in Caspian Sea

The Integrated Drilling Trust of Azerbaijan’s State Oil Company (SOCAR) has started to drill a new well at the Bulla Deniz offshore field. The well #78 is being drilled from the platform #6 at the Bulla Deniz field in the Caspian Sea, according to the message. The well’s depth is …

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