Tag: Azerbaijan

SOCAR Turkey to increase investments – Turkey, 21 July 2016

Vagif Aliyev, Chairman of the Board of SOCAR Turkey, local subsidiary of the State Oil Company of Azerbaijan (SOCAR), announced that the company will continue to invest in Turkey even after the failed coup on 15 July and stressed that this event will not damage the investments in Turkey. Aliyev said that SOCAR’s investment in […]

MoU between SOCAR and Transgaz signed – Romania, 20 July 2016

Romanian natural gas transmission system operator Transgaz and the State Oil Company of Azerbaijan (SOCAR) have signed in Baku a Memorandum of Understanding (MoU) regarding the cooperation in natural gas transit. Both sides stressed that the signing of this Memorandum will strengthen the cooperation between the two companies on gas transportation, as well as opportunities […]

TANAP transportation tariffs announced – Turkey, 5 July 2016

The State Oil Company of Azerbaijan (SOCAR) informed the media that the consortium led by British Petroleum, which is developing Shah Deniz 2 gas field, has the obligation to deliver 2 billion cubic meters of natural gas per year to Turkey starting from July 2018. In the next year, deliveries will increase to 4 billion […]