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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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Interconnector Greece Bulgaria (IGB)

On 1 October, the opening ceremony of the Interconnector Greece-Bulgaria (IGB) gas pipeline took place in Sofia, the capital of the Republic of Bulgaria. Bulgarian President Rumen Radev welcomed the President of the Republic of Azerbaijan Ilham Aliyev and the heads of state and government of other countries. The gas […]

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