“We will double the amount of gas supplied from Azerbaijan to the European Union,” said EU Commission President, Ursula von der Leyen, in a press statement after her meeting with Azerbaijani President, Ilham Aliyev, in Baku on 18th July. The EU Commission President drew attention to the fact that the […]
The Baku Energy Forum ran from June 2nd to June 04th, 2022 at the capital’s Congress Center. The Forum, held within the framework of the Baku Energy Week, focused on global energy prospects, opportunities for development and extraction of energy reserves in the Caspian region, financing the transition to green […]
On 28 April 2022, delegations from SOCAR and Uniper met in Baku as part of the 7th meeting of the Coordination Committee between the State Oil Company of the Republic of Azerbaijan (SOCAR) and the German energy company Uniper. First Vice President and Acting President of SOCAR Rovshan Najaf discussed […]
The meeting with the Committee on Eastern European Economic Relations focused on gas supply capacities and future hydrogen use. Under the motto “Azerbaijan beyond Oil and Gas”, representatives of German companies met for a working breakfast with Parviz Shahbazov, Minister of Energy of the Republic of Azerbaijan, on the sidelines […]
On February 23, SOCAR’s First Vice President and acting President Rovshan Najaf met with a delegation led by the President of the World Economic Forum Børge Brende. The meeting focused on the development of existing relations and prospects for cooperation between SOCAR and the World Economic Forum, as well as […]
Due to the acceleration of vaccination processes in 2021, economic activity in Azerbaijan, as well as around the world, increased reactivating various fields. In parallel with the demand for energy resources in the oil sector, oil and gas prices have risen significantly. Taking advantage of positive global trends, SOCAR has […]
Within first seven months of the current year 2021, Azerbaijan produced 20 million 96 thousand tons of crude oil (including gas condensate) and more than 24 billion cubic metres of natural gas. From this volume, 17 billion 756.9 million cubic metres of marketable gas were extracted. During this period, Azerbaijan […]
In an exploration well on the Shafag-Asiman block in the Azerbaijani sector of the Caspian Sea, the first gas condensate deposits were found at a depth of 7189 meters. This marks the successful completion of exploration and drilling of the field. In order to determine the exact volume of hydrocarbon […]
Azerbaijan has tripled its economy in the last 15 years and in the next 10 years the country aims to double its economy, based on the non-oil sector, and is preparing for a new wave of investment that depends on its ability to take advantage of the fourth industrial revolution. […]
On May 25, SOCAR and UNIPER, Germany held the third meeting of the Coordination Committee in Sumgayit. Rovnag Abdullayev, SOCAR President, Klaus Schäfer, CEO of UNIPER and other officials attended the meeting. The companies presented joint projects for training of highly qualified specialists and new projects of “Azerikimya” and then […]