Home / Tag Archives: Rovnag Abdullayev

Tag Archives: Rovnag Abdullayev

BP-led Group Extends Huge Azerbaijan Oil Field Deal to 2050

BP-led Group Extends Huge Azerbaijan Oil Field Deal to 2050

BP signed a contract with the government of Azerbaijan today to extend a production sharing deal until 2050. A group led by BP agreed with the State Oil Company of the Republic of Azerbaijan (Socar) to continue developing the huge Azeri Chirag fields and the deep water portion of the Gunashli field …

Read More »

SOCAR Planning to Increase Gas Production in Coming Years

SOCAR planning to increase gas production in coming years

Azerbaijan’s state oil company SOCAR is looking to increase production of natural gas in coming years, the company’s head Rovnag Abdullayev said in his interview with Reuters. In coming years, said Abdullayev, the country expected to put on stream several gas fields that would provide much-needed output growth. “We aim …

Read More »

First Batch of Natural Gas to be Delivered to Turkey via TANAP in 2018

The construction of the Trans Anatolian Natural Gas Pipeline (TANAP) has been completed by 77.3 percent, said Rovnag Abdullayev, president of Azerbaijan’s state oil company SOCAR, in an interview with the Anadolu Agency. According to him, TANAP is an important project for Azerbaijan, Turkey and Europe in terms of ensuring …

Read More »

SOCAR May Put Up Joint Ventures’ Shares for Sale

SOCAR May Put Up Joint Ventures’ Shares for Sale

Azerbaijan’s state oil company SOCAR may put up for sale the shares of a number of its joint ventures, said SOCAR President Rovnag Abdullayev. He made the remarks Oct. 18 at a press conference dedicated to the beginning of the sale of bonds in the secondary market of Baku Stock …

Read More »

Over 90% Demand for SOCAR Bonds Accounts for Individuals

Over 90% Demand for SOCAR Bonds Accounts for Individuals

Absolute majority of applications for the purchase of bonds of Azerbaijan’s SOCAR State Oil Company was filed by individuals, SOCAR Head Rovnag Abdullayev said at the press conference dedicated to start of bond sales in secondary market of Baku Stock Exchange, Oct. 18. “Over 90 percent of the total number …

Read More »

SOCAR President: TANAP to Be One of World’s Largest Projects

Over 31 percent of the Trans-Anatolian gas pipeline (TANAP) has been built as of August 1, Rovnag Abdullayev, president of the Azerbaijani state oil company SOCAR, said in the article published in the country’s state newspapers. “Currently, TANAP is the largest investment project, which is being implemented by SOCAR abroad,” …

Read More »

Gas Production at ACG Exceeds 124 Billion Cubic Meters

President of Azerbaijan’s State Oil Company (SOCAR) Rovnag Abdullayev has revealed the volume of production at Azeri-Chirag-Gunashli (ACG) block of oil and gas fields. In his article published in local state newspapers, Abdullayev said that 407 million tons of oil and 124.3 billion cubic meters of associated gas have been …

Read More »

SOCAR Interested in Acquiring Gas Station Network in Turkey

SOCAR Interested in Acquiring Gas Station Network in Turkey

Azerbaijan’s state energy company SOCAR is interested in purchasing assets of the gas station network belonging to the Austrian energy company OMV in Turkey as a part of the company’s investment strategy. SOCAR’s interest in acquisition of gas station in Turkey is associated with the launch of the Star Refinery …

Read More »

SOCAR in Talks With Russia, Iran on Gas Purchase

SOCAR in Talks With Russia, Iran on Gas Purchase

Azerbaijan’s state energy giant SOCAR is in talks with the Russian Gazprom Company and Iran to purchase three billion cubic meters of gas annually. This was stated by SOCAR President Rovnag Abdullayev after the ceremony of launching the platform No 7 at the Gunashli field in the Caspian Sea on …

Read More »

Special Group to Manage Baku Oil Refinery Reconstruction

Special Group to Manage Baku Oil Refinery Reconstruction

Azerbaijan’s state energy company SOCAR and the KBR company will create an ad hoc group of experts for the management of the reconstruction work of the Baku Oil Refinery named after Heydar Aliyev. SOCAR announced that creation of an expert group is stipulated in the agreement signed by Refinery Director …

Read More »

SOCAR’s New Service Center Opened in Tbilisi

Kaladze Socar

The President of Azerbaijan’s state oil company SOCAR Rovnag Abdullayev attended the opening of a new service center of SOCAR Georgia Petroleum in Tbilisi, said SOCAR’s message. The service center was opened in the Vake district – center of Tbilisi. The modern interior design is intended to create the most …

Read More »

Georgia Will Get Additional Gas And Lower Tariffs From SOCAR

Georgia Will Get Additional Gas And Lower Tariffs From SOCAR

Energy Minister Kakha Kaladze and Rovnag Abdullayev, President of “SOCAR” have approved amended memorandum, signed in December, 2011 between Georgian government and company SOCAR. However, amendments have been made to the document signed between “Georgian Oil and Gas Corporation” and LLC “SOCAR GAS Export-Importer” and an agreement made “on Natural …

Read More »