Igor Sechin Made a Working Visit to Azerbaijan
Igor Sechin made a working trip to Azerbaijan. In the course of the visit the Head of Rosneft met with SOCAR’s chief Rovnag Abdullaev. The parties discussed the execution of joint projects in the area of oil production and refining in Russia and Azerbaijan. Afterwards Rosneft head and SOCAR President …
Rosneft and SOCAR Signed a Joint-Venture Agreement
Rosneft President, Chairman of the Management Board Igor Sechin and President of the State Oil Company of the Azerbaijan Republic (SOCAR) Rovnag Abdullayev signed a joint venture agreement in the course of St. Petersburg International Economic Forum. The agreement provides for oil and gas exploration and production projects in different …
Gazprom and SOCAR Developing Strategic Relationships
The Gazprom headquarters hosted today a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Rovnag Abdullayev, President of the State Oil Company of the Azerbaijan Republic (SOCAR). The meeting addressed the status of cooperation in the energy sector, particularly focusing on the terms and conditions of natural gas supplies from Azerbaijan to Russia. The participants …
Shah Deniz Final Investment Decision Paves Way for Southern Corridor Gas Link with Europe
The Shah Deniz consortium today announced the final investment decision (FID) for the Stage 2 development of the Shah Deniz gas field in the Caspian Sea, offshore Azerbaijan. This decision triggers plans to expand the South Caucasus Pipeline through Azerbaijan and Georgia, to construct the Trans Anatolian Gas Pipeline (TANAP) …
Shah Deniz Major Sales Agreements with European Gas Purchasers Concluded
The Shah Deniz consortium announced today that 25-year sales agreements have been concluded for just over 10 billion cubic metres a year (BCMA) of gas to be produced from the Shah Deniz field in Azerbaijan as a result of the development of Stage 2 of the Shah Deniz project. Nine …
SOCAR Works Out Schedule to Rectify Accident at Bulla-Deniz Field
Under the instruction of SOCAR President, the Commission was set up to eliminate the accident followed by gas show at the exploration well #90 at Bulla-Deniz field. The Commission members are comprised of specialists of SOCAR and the Ministry of Emergency Situations. The 1st session of the Commission was held …
Rosneft and Socar Sign Cooperation Agreement
Rosneft and State Oil Company of the Republic of Azerbaijan (SOCAR) executed the Cooperation Agreement. The document was signed by Rosneft President and Chairman of the Management Board Igor Sechin and SOCAR President Rovnag Abdullayev in the presence of Vladimir Putin, President of the Russian Federation, and Ilham Aliyev, President …
Shah Deniz targets Italian and Southeastern European gas markets through Trans Adriatic Pipeline
The Shah Deniz consortium announced today that it has selected the Trans Adriatic Pipeline (TAP) to deliver gas volumes from the Shah Deniz stage 2 project to customers in Greece, Italy and Southeast Europe. This is an important milestone in the Shah Deniz consortium’s multi-phased approach to the opening of …
Keppel O and M to Build Semi-Submersible Worth About US$800 million for Azerbaijan
Keppel Offshore & Marine Ltd (Keppel O&M) through its subsidiaries Caspian Rigbuilders BV (an affiliated company of Keppel FELS) and Caspian Shipyard Company (CSC), has secured a contract from Caspian Drilling Company Ltd, a subsidiary of the State Oil Company of Azerbaijan Republic (SOCAR), to build a semisubmersible drilling rig, …
Statoil and SOCAR Sign MoU to Explore New Caspian Acreage
Statoil and SOCAR took a step forward in strengthening their cooperation by signing a memorandum of understanding (MoU) to jointly explore and develop the Zafar-Mashal structures in the Azerbaijani sector of the Caspian Sea. The MoU was signed by Statoil chief executive Helge Lund (left) and SOCAR president Rovnag Abdullayev. …