SOCAR

BP-Azerbaijan and SOCAR have identified program of work for Shah-Deniz field in 2020 and are in process of production coordination

BP-Azerbaijan and SOCAR have agreed on a work program for the Shah-Deniz field development project for 2020, said Bakhtiar Aslanbeyli, BP’s vice-president for public relations, external relat

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SOCAR increased number of filling stations in Azerbaijan to 30

SOCAR Petroleum (SOCAR's subsidiary) has increased number of filling stations under the SOCAR brand in Azerbaijan to 30, SOCAR Petroleum reports.

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SOCAR, Uzbekneftegaz and Uzkhimprom to create an enterprise for export of petrochemical products

SOCAR, Uzbekneftegaz and Uzkhimprom plan to create a joint venture for export of chemical, petrochemical products and fertilizers from Uzbekistan to European markets.

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SOCAR Polymer supplies first batch of polypropylene to Volgodonsk for film production

SOCAR Polymer delivered the first batch of polypropylene to the Rostov region for the production of packaging film in Volgodonsk, Interfax reports with reference to the words of the region’s

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SOCAR: Gas production from Shah-Deniz to reach 24 billion cubic meters by 2022

In 2019, SOCAR expects gas production from the Shah-Deniz field at the level of 19 billion cubic meters, in 2021 the production will increase to 24 billion cubic meters, the company’s vice-pr

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SOCAR Polymer to be able to reach project load on polyethylene not earlier than in 2023

Production of low-pressure polyethylene of SOCAR Polymer will reach its full capacity closer to 2023, the Interfax news agency reports, citing updated forecast of the Azerbaijani Government.

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SOCAR: Drilling from new platform at Karabakh field in the Caspian Sea to begin in 2022

The drilling of wells from a new production platform at the Karabakh field in the Azerbaijani sector of the Caspian Sea will begin in 2022, deputy head of the SOCAR’s Department for organizat

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SOCAR increased capex by 58.5% in 2018

In 2018, capital investments of SOCAR amounted to 1 909 354.3 thousand manats, which is by 58.5% higher than in 2017.

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In 2018, prime cost of gas production at SOCAR’s fields fell by 7.4%, oil fields – grew by 5.8%

In 2018, prime cost of gas production at SOCAR’s fields decreased by 7.4% compared to 2017 to 57.6 manats per 1 thousand cubic meters, it follows from the company's annual report for 2018

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SOCAR estimates extractable reserves of oil at Oil Rocks at 18-20 million tons

SOCAR plans to drill 50-60 new wells at the Oil Rocks field in the future, the recoverable oil reserves are estimated at 18-20 million tons, deputy head of the SOCAR’s department for events a

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