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SOCAR Hosted a “Decarbonization Strategy and Future Prospects” Event in Karabakh and Eastern Zangazur as part of COP-28

On December 3, 2023, the State Oil Company of Azerbaijan Republic (SOCAR) held a “Decarbonization Strategy and Future Prospects” event during COP-28 of the United Nations in Dubai, United Arab Emirates. As an honored event guest, Mukhtar Babayev, the Minister of Ecology and Natural Resources of the Azerbaijan Republic, delivered […]

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SOCAR and Microsoft sign a Memorandum of Understanding

On August 4th, 2023, the State Oil Company of Azerbaijan Republic (SOCAR) and Microsoft signed a Memorandum of Understanding. The memorandum envisages cooperation in digitalization, innovation, enhancing IT infrastructure, developing human capital, including exploration, production, processing, and marketing, transportation, and cyber security. As a result of SOCAR’s proactive initiative and […]

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Production of the Absheron gas-condensate field

The Absheron gas-condensate field, situated in the Azerbaijani sector of the Caspian Sea, approximately 100 kilometers southeast of Baku, has started production under the Early Production Scheme (EPS) phase. This stage involves the connection of the subsea production well to a new gas processing platform, which is linked to SOCAR’s […]

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SOCAR and ROMGAZ sign the agreement on gas supply

SOCAR Trading and Romania’s Romgaz S.A. signed the agreement on gas transportation up to one billion cubic meters of gas from Azerbaijan to Romania in 2023-2024 at the Southern Gas Corridor Advisory Council on February 3, 2023. The new contract will come into force on April 1, 2023 and expands […]

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