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Azerbaidjan: Socar to limit gas exports in 2014
The natural gas exports of Azeri state energy company SOCAR are likely to drop from 2.84 billion cubic metres (bcm) in 2013 to 2.6 bcm in 2014 because of reduced volumes to Russia, as stated by a SOCAR official on Monday.
read more... 20/05/2014
Azerbaidjan: oil&gas, chemical plant to be build near Baku
Azeri state energy firm SOCAR intends to construct a huge complex processing oil, gas and petrochemicals near the capital Baku valued at $14.4 billion, which is estimated to be finished in 2023.
read more... 02/05/2014
Turkey: $1.7 billion loan deal negotiated between DenizBank and Socar
Turkey’s DenizBank lender, owned by Russia, is in negotiations with Azeri state-owned oil firm SOCAR over a loan package for investments of about $1.7 billion, as stated on Friday by Hakan Ates, DenizBank Chief Executive Officer.
read more... 24/03/2014
Greece creates preconditions for natural gas privatization with Azeri SOCAR
Greece agreed last week to sell the operator of its natural gas grid to the State Oil Company of Azerbaijan Republic, SOCAR.
read more... 23/12/2013
Turkey could increase its share in TANAP project
Turkey has demanded to Azerbaijan to increase its share in Trans-Anatolian gas pipeline (TANAP), the head of Azerbaijan's state energy company SOCAR, Rovnag Abdullayev, said this week at a conference. Currently Turkey owns a 20% share in the project, while the rest of the shares belong to SOCAR of Azerbaijan.
read more... 12/12/2013