SOCAR Increased Payments to Top Managers by 9.5% in 2019, Despite Decrease in Profit

Yesterday morning, a fire occurred yesterday morning at the Oil Refinery named after Heydar Aliyev, operated by the State Oil Company of Azerbaijan (SOCAR), the Ministry of Emergency Situations of Azerbaijan. According to the statement, the fire was quickly extinguished. SOCAR Downstream Management, a subsidiary of SOCAR, reported that the fire happened in the coking unit; fortunately, there were no injuries at the refinery.

SOCAR plans to deploy 100 high-speed battery charging stations in Switzerland by 2026,  the State Oil Company of Azerbaijan's sustainable development report for 2023 by the. Currently, the company operates 20 fast-charging stations, mainly on highways and in major areas of Zurich. As part of a project to build a "green" hydrogen production plant, a consortium including “Alpiq”, “EW Hofe”, and “SOCAR Energy Switzerland” plans to construct an electrolysis plant in the municipality of Freienbach, with a capacity of up to 10 megawatts.

Azerbaijan and China Energy International Group will create a working group, Azerbaijan's Minister of Energy, Parviz Shahbazov, announced on his social media page.

Gas supply will be temporarily halted in certain areas of Baku today, Azerigaz, the gas distribution structure of the State Oil Company of Azerbaijan reported. Due to maintenance work, gas supply will be suspended from 10:00 AM on Lomonosov, Chernjakov, Ismailov, and Badalov streets in the Sabail district, as well as on Suleymanov, Nakhchivani, and Nuriev streets in the Nizami district, and in the "Gurjustanlılar" quarter of the Khazar district.