Energy - 2024
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On June 5, the Hungarian MVM Group signed a purchase and sale contract with the Azerbaijani state-owned enterprise CJSC Southern Gas Corridor (SGC) for the acquisition of a 5% interest in the Product...
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The Hungarian company MVM considers the acquisition of a 5% equity interest in the “Shah Deniz” field development project to be an important step in terms of diversifying gas supplies, the CEO of MVM...
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There is potential for increasing gas and condensate production at the “Absheron” Caspian field, Jason Fish, Director of Joint Ventures and Development at “TotalEnergies” stated during the panel discu...
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Azerbaijan is able to accept and transship 20-25 million tons of oil, Zaur Gahramanov, Advisor to the President of SOCAR, stated during the panel discussions on "Oil flows: cross-logistics and infrast...
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VNG (Germany) hopes to sell gas produced by SOCAR in the future, Konstantin Herzog von Oldenburg, Managing Director of VNG Handel & Vertrieb GmbH, stated during the panel discussion "Gas Dialogue: th...
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SOCAR Trading supplies hydrocarbons to 16 European countries, Togrul Kocharli, Head of the Global Business Development Department at SOCAR Trading stated during the Baku Energy Forum. According to him...
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By 2030, the traditional energy sector will lose 30-40 percent of jobs.
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SOCAR offers foreign project partners in Azerbaijan to conduct oil and gas operations at sea according to the standards of the Caspian Sea, SOCAR Vice President Babek Huseynov, stated speaking at the...
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SOCAR plans to increase the coefficient of oil recovery in the offshore block of the Azeri-Chirag-Guneshli (ACG) fields, Vice President of the State Oil Company of Azerbaijan Babek Huseynov stated.
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SOCAR has increased the assessment of the reserves of the Nakhchivan structure on the Azerbaijani shelf of the Caspian Sea, Vice-President of the State Oil Company of Azerbaijan Arzu Javadova stated....
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SOCAR plans to implement new projects in the field of oil and gas production and in the field of liquefied natural gas (LNG).
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There is a great demand for Azerbaijani natural gas in certain European countries, Michael Gilmer, Vice President of the German company Uniper, stated during the plenary discussions on the topic "Ga...
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The changing geopolitical situation does not have a negative impact on the operation of the main export pipeline Baku-Tbilisi-Ceyhan (BTC), Landon Derenz, Senior Director of the Atlantic Council Globa...
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Currently, SOCAR operates in more than 20 countries around the world, the number of employees of the company exceeds 70 thousand (of which more than 48 thousand are in Azerbaijan), Vice President of...
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Russia will gradually begin to restore oil production from October 1 and throughout the year as part of voluntary reductions, Russian Deputy Prime Minister Alexander Novak stated at the St. Petersbu...
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Oil production in the United States for the week that ended on May 31 remained at the level of the previous week at 13.1 million barrels per day, the weekly review of the Energy Information Administr...















