In 2008-2018s, investments of SOCAR in Turkey, including investments in the TANAP project, will exceed $20 billion
The consolidated turnover of SOCAR Turkey Enerji will reach $15 billion in 2018, Kenan Yavuz, the head of the SOCAR Turkey Enerji, told journalists. He said the Company will become the second largest industrial company in Turkey by 2018 with 5,000 ...
SOCAR keen to purchase share from DESFA

SOCAR keen to purchase share from DESFA

27.08.2015 [12:35]
Hellenic Republic Asset Development Fund (HRADF) and Hellenic Petroleum S.A. have met State Oil Company of the Republic of Azerbaijan (SOCAR), which confirmed its interest for the completion of the transaction with the extension, until December 21,2015, of the Share Purchase Agreement and the guarantee letter of €40 million ...
"TAP, Turkish Stream pipelines are not rival projects", Greek Energy Minister

"TAP, Turkish Stream pipelines are not rival projects", Greek Energy Minister

21.08.2015 [16:07]
“Trans-Adriatic (TAP) and the Turkish Stream gas pipelines are not rival projects and both projects contribute to energy diversification,” Greek Energy Minister Panos Skourletis told Sputnik. “Both projects are of special importance as they are designed to guarantee the energy ...
Oil price on world markets

Oil price on world markets

18.08.2015 [11:12]
The price of oil fell again in the world markets. On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light crude oil decreased $0.07 to stand at ...
CEO of Enagás Marcelino Oreja: We are making investment in important gas pipeline connecting Azerbaijan with Europe

CEO of Enagás Marcelino Oreja: We are making investment in important gas pipeline connecting Azerbaijan with Europe

18.08.2015 [10:42]
We are investing in an important gas pipeline connecting Azerbaijan with Europe, CEO of Enagás, Marcelino Oreja said while speaking about Trans-Adriatic Pipeline (TAP) project in an interview with "European CEO" newspaper. He said that this gas pipeline would supply gas to the European Union. ...
Oil price on world markets

Oil price on world markets

17.08.2015 [10:18]
The price of oil fell again in the world markets. On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light crude oil decreased $0.65 to stand at $41.85. Price of British Brent crude oil at the London ...
Trans Adriatic Pipeline included in European Commission's list of 33 priority energy security projects of common interest

Trans Adriatic Pipeline included in European Commission's list of 33 priority energy security projects of common interest

15.08.2015 [20:13]
The Trans Adriatic Pipeline project has been included in the European Commission's list of 33 priority energy security Projects of Common Interest. The project concerns the financing and construction of the Trans Adriatic Pipeline (TAP), which is the western part of the Southern Gas Corridor that goes ...
Oil price on world markets

Oil price on world markets

14.08.2015 [14:54]
The price of oil fell again in the world markets. On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light crude oil decreased $1.04 to stand at ...
Oil price on world markets

Oil price on world markets

13.08.2015 [10:14]
The price of oil raised in the world markets. On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light crude oil increased $0.19 to stand at $43.27. Price of British Brent crude oil at the London ...
At end of second quarter BP employed 2,866 Azerbaijani nationals

At end of second quarter BP employed 2,866 Azerbaijani nationals

11.08.2015 [14:15]
At the end of the second quarter, BP employed directly 2,866 Azerbaijani nationals, the company said. Some 86% of BP's permanent professionals in Azerbaijan are nationals and many of them are in senior leadership positions ...
BTC exported 18m t of crude oil in first half of 2015

BTC exported 18m t of crude oil in first half of 2015

10.08.2015 [20:14]
In the first half year, Baku-Tbilisi-Ceyhan exported about 135 million barrels (18 million tonnes) of crude oil loaded on 188 tankers at Ceyhan, BP-Azerbaijan said. “BTC's throughput capacity is currently 1.2 million barrels per day.” ...
ACG delivered 2.1bn cm of gas to SOCAR in first six months

ACG delivered 2.1bn cm of gas to SOCAR in first six months

10.08.2015 [20:07]
During the first six months of the year, Azeri-Chirag-Gunashli delivered an average of 11.4 million cubic metres per day of ACG associated gas to SOCAR (2.1 billion cubic metres in total), primarily at the Sangachal Terminal but also to SOCAR's Oil Rocks facility, BP-Azerbaijan has said ...
In first half of year Azeri-Chirag-Gunashli produced 116 million barrels

In first half of year Azeri-Chirag-Gunashli produced 116 million barrels

10.08.2015 [20:04]
“During the first half of 2015, ACG (Azeri-Chirag-Gunashli ) continued to deliver stable production. Total ACG production in the first six months was on average 641,000 barrels per day, which is 116 million barrels or 16 million tonnes in total, from the Chirag (55,000 b/d) ...
BTC pipeline carried over 2.6 mln t of Azerbaijani oil in July

BTC pipeline carried over 2.6 mln t of Azerbaijani oil in July

10.08.2015 [15:20]
Some 2,614,050 tons of Azerbaijani oil was carried out via Baku-Tbilisi-Ceyhan (BTC) pipeline in July 2015, according to SOCAR. In January-July, Azerbaijani oil transportation via BTC made up 16,859,504 tons. ...
'Turkey has a key role in TANAP Project'

'Turkey has a key role in TANAP Project'

09.08.2015 [11:38]
Deloitte Energy and Natural Resources Industry Leader Uygar Yoruk said: "Turkey plays a significant role in a key project that serves for the European Union's energy security like TANAP." Speaking to Anadolu Agency, Yoruk said giant oil companies do exploration works in Turkey, which has a lot trade partners in the field of energy ...
SOCAR gas stations in Ukraine change the ‘face’

SOCAR gas stations in Ukraine change the ‘face’

07.08.2015 [11:36]
Rebranding all its assets in and outside of Azerbaijan, the State Oil Company of Azerbaijan (SOCAR) is launching gas stations with an updated logo in Ukraine. SOCAR Energy Ukraine reports that the new version of the logo contains the symbol of fire, which occupies an important place in ...
"SOCAR Turkey" launches construction of seaport for Star Oil Refinery

"SOCAR Turkey" launches construction of seaport for Star Oil Refinery

05.08.2015 [13:25]
Construction of the sea port for Star Oil Refinery launched in Turkey. Under the project, construction of offshore trestles of refinery will be completed in May 2017. This was posted by the President of "SOCAR Turkey" Kenan Yavuz on social media ...
Oil price on world markets

Oil price on world markets

05.08.2015 [12:32]
The price of oil raised in the world markets. On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light crude oil increased $0.25 to stand at $45.74 ...
Taner Yildiz: Explosion at Baku-Tbilisi-Erzurum pipeline committed by terrorist separatist group

Taner Yildiz: Explosion at Baku-Tbilisi-Erzurum pipeline committed by terrorist separatist group

05.08.2015 [11:39]
Turkish minister of energy and natural resources Taner Yildiz said the explosion on the Baku-Tbilisi-Erzurum gas pipeline was committed by PKK militants. According to the minister, gas supply was ceased as a result ...