SOCAR

In H1, SOCAR increased drilling volumes by 2.4%

The dDrilling departments of SOCAR performed 81.896 thousand meters of drilling operations in the first six months of 2019, SOCAR reported.

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SOCAR makes regular payment on interest to bondholders

On Wednesday SOCAR (State Oil Company of Azerbaijan) made the 11th payment in the amount of $1.25 million in interest to the holders of SOCAR bonds, SOCAR Capital reported.

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Azerbaijan lowers exports of petroleum products by 5% in the first half of the year.

The declared export of oil products from Azerbaijan in H1 2019 amounted to more than 520 thousand tons, the Interfax reports.

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In 2018, SOCAR received about 1 billion manats from state budget for drilling at a number of fields and to cover losses

In 2018, SOCAR received 959 504.28 thousand manats from the state budget to carry out drilling operations at a number of fields and to cover losses in connection with sale of gas to Azerenerji.

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BP has no plans to participate in operating company for operation of TANAP

British company BP doesn’t plan to participate in operating company for operation of the Trans-Anatolian gas pipeline (TANAP).

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Experts: TANAP will strengthen Azerbaijan’s status as gas supplier to Europe for decades to come

The State Oil Company of the Azerbaijan Republic SOCAR announced the completion of the construction of the Trans-Anatolian gas pipeline (TANAP), the main and largest segment of the Azerbaijani Sout

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BP wants to enter into operating company for TANAP

The operator of major energy projects in Azerbaijan, British giant BP, has made an application for participation in the operating company for the operation of the Trabs-Anatolian gas pipeline (TANA

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SOCAR to resume export of Azerbaijani oil via Baku-Novorossiysk oil pipeline

SOCAR (the  State Oil Company of Azerbaijan) will resume export via the Baku-Novorossiysk pipeline this week, the deputy head of the Department for Event Management and Public Relations of SOC

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SOCAR: TANAP is ready to supply gas to Europe

The construction of the Trans-Anatolian gas pipeline (TANAP), which is the main part of the Southern Gas Corridor, has been completed.

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Azerbaijan reduced petrol production by 4% in January-May 2019

The Baku refinery reduced production of motor petrol and increased production of naphtha in the first five months of 2019, the mass media reported.

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