Search results for: SOCAR

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  • 5 December 2017

    Petrofac’s Training Services business and the State Oil Company of the Republic of Azerbaijan (Socar) on Tuesday signed a shareholders agreement to form a joint venture for the pursuit of training opportunities across the country’s oil & gas and petrochemical industries. Under the agreement, Socar’s stake in the joint venture has been determined at 51% […]

  • 10 July 2015

    Delegation of the State Oil Company of the Azerbaijan Republic (SOCAR), led by the President of the company, Rovnag Abdullayev, is visiting Japan in order to have bilateral meetings with Japanese companies and talk on participation of Japanese companies in SOCAR projects and cooperation possibilities. Within the visit, SOCAR President Rovnag Abdullayev met with Toshiaki Kitamura, […]

  • 10 July 2015

    Azerbaijan’s state-owned oil company Socar said it discussed joint projects with Japanese LNG player Inpex on Thursday. Socar’s delegation led by its President Rovnag Abdullayev is currently in Japan as part of a visit aimed at holding bilateral meetings with Japanese companies. Within the visit, Abdullayev met with Toshiaki Kitamura, President of Inpex. The negotiations […]

  • 10 July 2015

    Azerbaijan’s state-owned oil company Socar said it discussed joint projects with Japanese LNG player Inpex on Thursday. Socar’s delegation led by its President Rovnag Abdullayev is currently in Japan as part of a visit aimed at holding bilateral meetings with Japanese companies. Within the visit, Abdullayev met with Toshiaki Kitamura, President of Inpex. The negotiations […]

  • 13 July 2011
    Business & Finance

      On July 12, SOCAR and Swiss Foster Wheeler signed a memorandum of understanding. The document was signed by SOCAR Vice-President for strategic development Mr. Tofig Gahramanov and Chief Executive Director of Foster Wheeler Mr. Marco Maresco. The MoU involves the establishment of a joint venture on the material and technical base of SOCAR’s Oil […]

  • 13 July 2011
    Project & Tenders

    On July 12, SOCAR and Swiss Foster Wheeler signed a memorandum of understanding. The document was signed by SOCAR Vice-President for strategic development Mr. Tofig Gahramanov and Chief Executive Director of Foster Wheeler Mr. Marco Maresco. The MoU involves the establishment of a joint venture on the material and technical base of SOCAR’s Oil and […]

  • 20 August 2019
    Business & Finance, Operations & Maintenance, Project & Tenders

    Petrofac, in a joint venture with the State Oil Company of the Republic of Azerbaijan (SOCAR), has secured an engineering and technical services contract to support Total and SOCAR’s exploration & production activities in Azerbaijan. The 12-month contract, with option to extend, will support activity in the Absheron natural gas field, located in the Caspian […]

  • 19 August 2019
    Business & Finance, Exploration & Production

    UK oilfield services provider Petrofac has in a joint venture with SOCAR won an engineering and technical services contract to support Total and SOCAR’s exploration & production projects offshore Azerbaijan.

  • 24 January 2011

    On January 24, SOCAR Georgia Gas Ltd opened the first section of gas pipeline constructed in Poti city of Georgia. The event was attended by Georgian President Mikheil Saakashvili, Energy Minister Alexander Khetaguri, Mayor of Poti Vakhtang Lemonjava, governor of Samegrelo Region Zaza Goroziya, SOCAR President Rovnag Abdullayev, other officials of SOCAR, as well as […]

  • 24 October 2014
    Business & Finance

    Three workers died, with the fourth still missing, when the structures collapsed at the Socar’s platform No 441 of the Narimanov oil and gas production department (OGPD) in the Caspian Sea offshore Azerbaijan, Socar says in a written statement. Socar goes on to say  that ”the structures collapsed during the repair works and a wagon-house fell into the […]

  • 5 March 2012
    Business & Finance

    On March 1, SOCAR President Mr. Rovnag Abdullayev met with the delegation led by the CEO of Qatar Petroleum International Mr. Nasser Al-Jaidah at Head office of SOCAR. Welcoming the guests, SOCAR President stressed the successful development of bilateral relations between Qatar and Azerbaijan and this friendly state’s distinctive place in the world oil and […]

  • 5 February 2015
    Business & Finance

    SOCAR Cape joint venture has been awarded three contracts in Azerbaijan. The contracts are for the supply of services to projects that are part of the development of the Shah Deniz field, a natural gas development in Azerbaijan.   The three contracts are expected to be worth in excess of $65m for the joint venture. The […]

  • 29 June 2011
    Business & Finance

    On June 27, SOCAR President Mr. Rovnag Abdullayev and Company management visited the Oil Rocks offshore field. During the meeting, SOCAR management was accompanied by representatives of “Azneft” Production Unit and of other enterprises. Mr. Abdullayev and SOCAR officials visited the monument to the national leader Heydar Aliyev. Afterwards, SOCAR President paid a visit to […]

  • 14 February 2011
    Business & Finance

      The well # 57 from the platform # 11 was commissioned at Gunashli field. The daily production of the well, drilled to Girmaki Suite by SOCAR-AQŞ JV, makes 186 thousand cubic meters of gas and 25 tons of condensate from 3845-3832 meters. The State Oil Company of Azerbaijan Republic (SOCAR) is the state-owned oil […]

  • 22 November 2017
    Business & Finance, Project & Tenders

    A joint venture between Socar and KBR has been awarded a Front-End Engineering Design (FEED) contract for the topsides of the Absheron early production project in the Caspian Sea offshore Azerbaijan.

  • 9 August 2011
    Business & Finance

    On August 8, new administrative building of SOCAR Security Department was opened on Nobel Prospect. The event was attended by SOCAR President Mr. Rovnag Abdullayev and Company representatives. Mr. Abdullayev was informed that the newly established department will employ 200 persons including the workers of the state inspections of ship and port controls, the department […]

  • 6 December 2015

    At least one worker was killed and 30 others were missing on Saturday after an Azeri oil platform caught fire during high winds in the Caspian Sea on Friday, state energy company SOCAR said.

  • 7 November 2014
    Business & Finance

    One offshore worker was killed, and another went missing following an accident on an offshore platform in the Caspian Sea, Azerbaijan.   The piece of information was shared by the Azeri national oil company SOCAR. In a statement on its website, SOCAR said that eight vessels were searching for the missing worker. According to SOCAR, […]

  • 16 January 2011

    On January 14, SOCAR President Mr. Rovnag Abdullayev received the delegation led by Mr. Rune Bjørnson, Executive Vice President of Statoil on natural gas. Saluting the guests, Mr. Abdullayev congratulated them on occasion of the Christmas and New Year, and expressed his best wishes. SOCAR President spoke of the development of Azerbaijan’s economy, in particular, […]

  • 22 February 2011
    Business & Finance

      The well # 79 from the platform # 13 was commissioned at Gunashli field. The daily production of the well, drilled by SOCAR-AQŞ JV, makes 152 thousand cubic meters of gas and 20 tons of condensate from 3368-3350 meters. The well will be commissioned by 28 May Oil and Gas Production Company. The State […]

  • 30 May 2018
    Business & Finance

    Norway’s Equinor and Azerbaijan’s SOCAR have signed a Risk Service Agreement (RSA) related to the appraisal and development of the Karabagh oilfield and a Production Sharing Agreement (PSA) for the Ashrafi, Dan Ulduzu, Aypara area. Statoil Azerbaijan signed the agreements on behalf of Equinor. The Karabagh oilfield is located 120 kilometers east of Baku, close […]

  • 15 December 2016

    One offshore worker has been killed and nine are missing after an accident offshore Azerbaijan when a part of an oil installation collapsed due to strong winds.  The country’s state-owned oil company Socar said the accident happened in the Caspian Sea on the morning of December 15, 2016. The accident was on the territory of oil gathering […]