Tag: SOCAR

SOCAR Polymer increases export revenues 64%

[ad_1] In January-July this year, SOCAR Polymer LLC, a 57% subsidiary of the State Oil Company of Azerbaijan (SOCAR), exported products worth $ 122.7 million. Report informs, citing the Center for Economic Reforms Analysis and Communication, that this is 63.8% more than in the same period last year. [ad_2] https://report.az/en/energy/socar-polymer-increases-export-revenues-64/

“SOCAR Turkey Energy” and “Azertelecom” establish joint venture in Turkey 

[ad_1] The Turkish Competition Authority has confirmed the establishment of a joint venture by SOCAR Turkey Energy and Azertelecom, Report informs, citing foreign media. The new company will operate in the telecommunication sector under the name of “Transanatolian Fiber Taf Telekomünikasyon Hizmetleri AŞ.” [ad_2] https://report.az/en/ict/socar-turkey-energy-and-azertelecom-establish-joint-venture-in-turkey/

SOCAR preparing Road Map on alternative energy 

[ad_1] While shifting to alternative energy, SOCAR will compile the Road Map according to the government’s priorities and mandate, said the Annual Report on Sustainable Development” for 2020 issued by SOCAR. According to the document, first of all, a responsible division or special organizational approach will be determined in the structure of SOCAR. Then a… Continue reading SOCAR preparing Road Map on alternative energy 

SOCAR, Swiss energy companies mark new milestone in green hydrogen

[ad_1] Alpiq, EW Höfe, and SOCAR Energy Switzerland are planning to build an electrolysis plant with a capacity of up to 10 MW in Freienbach (SZ), Report informs referring to the companies’ joint statement. The commissioning of the plant is scheduled to start at the end of 2022, and, when completed, it will produce an… Continue reading SOCAR, Swiss energy companies mark new milestone in green hydrogen

SOCAR launches well No. 18 in Umid field 

[ad_1] Drilling of production well U1-18 from the Umid-1 platform at a depth of 6,120 meters has been successfully completed, and the 7th horizon of the productive layer has been opened fully, Report informs, citing SOCAR. In order to increase the efficiency of the development of the offshore block “Umid-Babek,” next optimization measures have been… Continue reading SOCAR launches well No. 18 in Umid field 

SOCAR to sell 4,000 tons of diesel to Ukrainian Ministry of Defense 

[ad_1] SOCAR Energy Ukraine, a subsidiary of the State Oil company of Azerbaijan (SOCAR) in Ukraine, has won the tender announced by the Defense Ministry, Report informs, citing the Ukrainian media. The ministry announced the winners of the tender on the purchase of 26,960 tons of diesel. The winners are “Alyans Energo Trade,” “Exxon UK.”… Continue reading SOCAR to sell 4,000 tons of diesel to Ukrainian Ministry of Defense 

Transition of SCPC technical operatorship from bp to SOCAR finalized

[ad_1] The South Caucasus Pipeline Company (SCPC) announces that on 1 August 2021 the process of transition of the technical operatorship of the South Caucasus Pipeline Company (SCPC) from BP Exploration (Shah Deniz) Limited to SOCAR Midstream Operations Limited was finalized, Report informs, citing the State Oil Company. SOCAR Midstream Operations Limited is a fully… Continue reading Transition of SCPC technical operatorship from bp to SOCAR finalized

SOCAR Carbamide Plant already operating at full capacity

[ad_1] For more than two years, the carbamide plant of the State Oil Company of Azerbaijan (SOCAR) has contributed to the development of the non-oil sector in the country. The project was implemented under the “State Program for the Reliable Provision of the Population with Food for 2008-2015” and the “State Program for the Development… Continue reading SOCAR Carbamide Plant already operating at full capacity

SOCAR: No accidents on any of our offshore platforms recorded

[ad_1] “Information about the accident on one of the offshore platforms has been spread on social networks,” said Ibrahim Ahmadov, deputy head of the Public Relations and Events Department of the State Oil Company of Azerbaijan (SOCAR), Report informs. “Today, no accidents have occurred on any of the offshore platforms operated by SOCAR, and operations… Continue reading SOCAR: No accidents on any of our offshore platforms recorded