The Azerbaijan State News Agency

ECONOMY

SOCAR to build oil refinery in Turkey

Baku, May 10 (AZERTAC). “The State Oil Company of Azerbaijan Republic (SOCAR) is considered to be one of the largest oil companies in the world operating in many countries”, President of SOCAR Rovnag Abdullayev told press.

According to Rovnag Abdullayev, Turkey is the most important country where SOCAR implements its major investment projects.

“We are going to lay foundation stone for an oil refinery in Turkey soon. The project costs 4 billion USD. The launching is scheduled for 2014”, Abdullayev said.

-0-

Share news on social media

Follow us on social network

Other news in this section

Oil prices fall in world markets
  • 29.08.2023 [10:41]

Oil prices fall in world markets

Azerbaijani oil price sells for $88.56
  • 29.08.2023 [10:34]

Azerbaijani oil price sells for $88.56

Shah Deniz celebrates 200 billion cubic metres of total gas production
  • 28.08.2023 [16:41]

Shah Deniz celebrates 200 billion cubic metres of total gas production

Oil prices rise in world markets
  • 28.08.2023 [10:49]

Oil prices rise in world markets

Azerbaijani oil price exceeds $88
  • 26.08.2023 [10:53]

Azerbaijani oil price exceeds $88

Oil prices rise in world markets
  • 26.08.2023 [10:36]

Oil prices rise in world markets

Azerbaijani oil price drops in world markets
  • 25.08.2023 [11:00]

Azerbaijani oil price drops in world markets

Oil prices rise in world markets
  • 25.08.2023 [10:21]

Oil prices rise in world markets

Oil prices fall in world markets
  • 24.08.2023 [10:57]

Oil prices fall in world markets

Azerbaijani ambassador presents copy of credentials to Polish Foreign Ministry Secretary of State

  • [22:27]

Azerbaijani Parliamentary Speaker meets with incoming UK ambassador

  • [22:19]

Baku hosts official reception marking 77th anniversary of founding of People's Republic of China

  • [22:15]

UK to review Chagos Islands deal over lack of US support

  • [21:58]

Oscar Piastri: I hope the race goes better for us this time

  • [21:48]

Charles Leclerc: I enjoy racing in Baku

  • [21:48]

New York hosts Nizami Ganjavi International Center’s 37th high-level meeting

  • [21:34]

Baku hosts official reception marking Saudi National Day

  • [21:27]

Azerbaijan, Belarus ink MoU on cooperation in consular affairs

  • [21:11]

Azerbaijan, France explore cooperation

  • [21:03]

Azerbaijan, ICRC discuss cooperation

  • [20:56]

Azerbaijan cooperates with major Chinese companies on nearly 50 joint projects

  • [20:52]

Azerbaijan, Serbia discuss strategic partnership

  • [20:49]

France hails Martin Ryan’s pardon

  • [20:43]

Deputy PM: Number of Chinese nationals travelling to Azerbaijan increased 42 percent last year

  • [20:37]

German Ambassador to Azerbaijan visits Milli Majlis

  • [20:32]

Lu Mei: Middle Corridor gains importance in China-Azerbaijan cooperation

  • [20:25]

Azerbaijan joins WorldSkills competition in Shanghai

  • [20:20]

Top stories update

  • [20:00]

Azerbaijani shooters ready for action at European Championship

  • [19:47]

Azerbaijan, China enhance wind and solar energy cooperation, ambassador says

  • [19:35]

Ambassador: Mutual visa-free regime strengthens humanitarian ties between Azerbaijan and China

  • [19:30]

Current El Nino could cause 451,000 heat-related deaths, study finds

  • [19:08]

Kazakhstan ships lentils to India via Middle Corridor

  • [18:55]

Playing loud music on the bus? That will cost you hundreds of dollars in Singapore

  • [18:52]

Khankendi to host discussions on future of social services at SOCGOV 2026

  • [18:49]

Azerbaijani delegation explores international experience in competition law in Spain

  • [18:38]

Azerbaijan showcases its tourism potential to China’s senior travelers

  • [18:24]

Azerbaijan’s National Cybersecurity Agency joins Global Anti-Scam Alliance

  • [18:19]

First Uzbek-language issue of international magazine “IRS” published

  • [18:15]

Azerbaijan, CAR ink Joint Communiqué on establishment of diplomatic relations

  • [18:11]

Omani delegation visits DOST Center for Inclusive Development and Creativity

  • [17:51]

® Unibank introduces Green loan for entrepreneurs with annual interest rates starting from 12%

  • [17:48]

ANAMA: Since end of Patriotic War, 440 citizens have fallen victim to landmine incidents

  • [17:29]

Azerbaijan, International Electrotechnical Commission discuss expanding cooperation

  • [17:17]

El Nino strengthening rapidly, health impacts expected worldwide: UN agencies

  • [17:15]

Tigray forces seize main airport in northern Ethiopia from police

  • [17:10]

Baku Engineering University student wins Youth Foundation's grant competition

  • [16:54]

Board of Peace to unveil $2.45B Gaza recovery plan

  • [16:47]

Former Mexico coach Aguirre takes over at struggling Valencia

  • [16:39]

Azerbaijan, IEC explore cooperation on standardization in energy sector

  • [16:39]

To His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the United Arab Emirates and Ruler of Dubai

  • [16:36]

Azerbaijani startups enhance opportunities to enter Kazakh market

  • [15:40]

Changing the way we age: Discovery could help preserve muscle strength

  • [15:01]

China launches ‘mineral exploration offensive’ as global supply chain pressures mount

  • [14:52]

Azercosmos engineers develop new “AlTvac 03” device for testing space equipment

  • [14:21]

Azerbaijan’s Ministry of Science and Education and OpenAI expand cooperation on AI in education

  • [13:36]

President Ilham Aliyev received newly appointed ambassador of Sweden to Azerbaijan VIDEO

  • [13:10]

Azerbaijan joins 9th World Forum on Energy Regulation in Tbilisi

  • [13:05]

Mozambican President invites Brazilian companies to invest in gas sector

  • [13:00]

Azerbaijan, Czech Republic exchange views on organizing next meeting of Joint Commission

  • [12:39]

President Ilham Aliyev signs order pardoning sentenced persons

  • [12:35]

® Azerbazalt and Isometric launch South Caucasus’ first international carbon certification project based on ERW

  • [12:22]

Azerbaijan`s Deputy Foreign Minister participates in number of events on second day of UN High-Level Week

  • [12:18]

Formula 1 Azerbaijan Grand Prix to be broadcast live on 56 TV channels

  • [12:17]

Azerbaijani FM attends reception hosted by U.S. President

  • [12:11]

Expansion of Azerbaijani gas supplies to Bulgaria discussed

  • [12:06]

Top stories update

  • [12:00]

President Ilham Aliyev received newly appointed ambassador of Estonia to Azerbaijan VIDEO

  • [11:55]

Death toll from Typhoon Dujuan in eastern Japan climbs to 9

  • [11:54]

State Program for development of mining and metallurgy industry for 2027–2030 approved – ORDER

  • [11:51]

Azerbaijan, Pakistan review strategic partnership

  • [11:23]

Gold prices fall, while silver rises on global markets

  • [11:18]

Azerbaijani, Ukrainian FMs exchange views on geopolitical developments

  • [11:17]

To His Majesty Salman bin Abdulaziz Al Saud, Custodian of the Two Holy Mosques, King of Saudi Arabia

  • [11:10]

Azerbaijan, Singapore explore prospects for expanding bilateral cooperation

  • [11:05]

Foreign Ministries of Azerbaijan and Czech Republic hold political consultations in Baku

  • [10:55]

Azerbaijan, Bangladesh sign visa exemption agreement

  • [10:46]

Azerbaijan and Colombia sign agreement on mutual visa exemption

  • [10:45]

Azerbaijani FM meets with President of 81st session of UNGA

  • [10:38]

Azerbaijani Foreign Minister exchanges views with Hungarian counterpart on prospects for bilateral cooperation

  • [10:33]

Azerbaijani and Iranian FMs discuss regional developments

  • [10:29]

Azeri Light sells for $118

  • [10:23]

Oil prices decline in global markets

  • [10:22]

US gains expanded military access, new defense areas in Greenland with Arctic deal

  • [10:18]

Success of fallen hero's son in US: Oruj Ibrahimov granted US EB-1 “Einstein Visa”

  • [10:16]

Deputy Foreign Minister Yalchin Rafiyev attends several events on sidelines of 81st Session of UN General Assembly

  • 22.09.2026 [22:25]

FM Bayramov reaffirms Azerbaijan’s commitment to peaceful resolution of Jammu-Kashmir issue

  • 22.09.2026 [22:15]

Two more Azerbaijani veteran judokas win golds at Sarajevo World Judo Championships Veterans 2026

  • 22.09.2026 [22:11]

Azerbaijan, Switzerland explore cooperation

  • 22.09.2026 [22:01]

Azerbaijani, Djiboutian Foreign Ministers hold talks in New York

  • 22.09.2026 [21:46]

Recep Tayyip Erdoğan: Organization of Turkic States is growing stronger with each passing year

  • 22.09.2026 [21:14]

Iranian Airlines suspend flights to Azerbaijan

  • 22.09.2026 [20:53]

Recep Tayyip Erdoğan: We hope lasting peace will be established between Azerbaijan and Armenia

  • 22.09.2026 [20:43]

US, Denmark, Greenland sign Arctic security agreement at UN General Assembly

  • 22.09.2026 [20:30]

UN Secretary-General: The continued absence of permanent African representation is “unjust and indefensible”

  • 22.09.2026 [20:11]

Top stories update

  • 22.09.2026 [20:00]

Azerbaijan, Georgia discuss regional cooperation

  • 22.09.2026 [19:58]

Donald Trump: The President of Azerbaijan said Trump did a miracle

  • 22.09.2026 [19:49]

Azerbaijani FM attends opening of 81st session of UN General Assembly

  • 22.09.2026 [19:36]

France mulls new UN Security Council resolution on Hormuz, diplomats say

  • 22.09.2026 [19:33]

Azerbaijan’s Foreign Ministry: We do not recognize so-called “presidential elections” held in Tskhinvali region of Georgia

  • 22.09.2026 [19:31]

Afghan cyclist who disguised herself as a man wins Asian Games silver

  • 22.09.2026 [19:30]

Azerbaijan steps up efforts to implement “ASAN Khidmet" model in Cambodia

  • 22.09.2026 [19:26]

Azerbaijan, Malaysia explore financial reporting practices

  • 22.09.2026 [19:19]

NOC Secretary General: Diverse sporting strengths of Azerbaijan and Greece create excellent opportunities for cooperation

  • 22.09.2026 [19:18]

“Power of Unity – 2026” Joint Military Exercise commences

  • 22.09.2026 [19:03]

Georgian FM: Georgia’s expanding geopolitical role is opening new opportunities

  • 22.09.2026 [18:58]

Press conference dedicated to ADEX 2026 and Securex Caspian exhibitions held

  • 22.09.2026 [18:58]

ADEX 2026 to bring together world’s defense industry giants on a record-breaking scale

  • 22.09.2026 [18:39]