SOCAR President: Azerbaijan, Turkey are closer to gas price deal 15.12.2009
Azerbaijan and turkey are closer to agreement on a price for the natural gas Azerbaijan supplies to Turkey, said Rovnag Abdullayev, President of the Azerbaijan State Oil Company (SOCAR). According to him, the parties are drawing near to setting a price.
KazMunaiGas to Develop Baku-Black Sea Pipeline Feasibility Studies 07.12.2009
Tbilisi (GBC) - Experts from KasmunaiGas have begun studying the feasibility of the Baku-Black Sea Pipeline, a senior Kazakh oil worker told Trend Capital on condition of anonymity. "Our expens have begun calculations and the work is underway," the source said.
SOCAR Energy Georgia President Denies Seaport Construction 23.11.2009
Tbilisi (GBC) - Mahir Mammedov. the President of SOCAR Energy Georgia, a Georgia-based subsidiary of the State Oil Company of Azerbaijan (SOCAR), has dismissed information in the Georgian print media that the company plans lo construct a new seaport in Grigoleti in the Guria Region.
High-Tonnage Tanker Enters Kulevi Terminal 05.10.2009
Tbilisi (GBC) - Aegean Freedom, a 104,000-ton oil tanker, entered the Kulevi terminal on the Black Sea following extensive seabed excavation works that expanded the port's capacity. Earlier the terminal could only receive vessels up to 40,000 tons.
SOCAR will invest USD 20 mln in gasification of Georgia in 2009 15.09.2009
The State Oil Company of the Azerbaijan Republic (SOCAR) has started the gasificationof the Georgian regions by opening three new gas supply outlets in Eastern Georgia on September 12. Page2
Kulevi Terminal to Handle Tankers with Increased Capacities 07.09.2009
Tbilisi (GBC) - Black Sea Oil Terminal in Kulevi, the Samegrelo-Zemo Svaneti region, is ready to handle 100,000 ton tankers at its port.Kulevi Oil Terminal has already completed the seabed excavation works. Previously, the terminal was able to handle no more than 40,000 ton tankers.
SOCAR eyes new customers in Georgia 31.08.2009
The State Oil Company of Azerbaijan Republic said it would deliver gas to 57,000 new customers in nearby Georgia by 2010 under the terms of a December agreement, according to UPI news agency.
SOCAR will build gas reservoir in Georgia., says SOCAR President 24.08.2009
Tbilisi (GBC)- The State Oil Company of Azerbaijan (SOCAR) plans to construct a 300m cubic meter underground gas reservoir in Georgia, Rovnag Abdullayev, The SOCAR President, says.
Nabucco no longer a 'pipe dream' following landmark accord 20.07.2009
As governments inked their names to the Trans-Caucasus Nabucco pipeline project last week in Turkey, Georgia's economic sector is looking forward to the prospect of cheaper energy which could spur stronger investment in the country. Page 2
BP and SOCAR Sign Memorandum Of Understanding 20.07.2009
BP and SOCAR (the State Oil Company of the Republic of Azerbaijan) announced on July 13 they have signed a memorandum of understanding (MOU) to jointly explore and develop the Shafag and Asiman structures in the Azerbaijan sector of the Caspian Sea.
Azerbaijan to play key role in energy deliveries to Europe: RWE vice-president 06.07.2009
Azerbaijan. Baku, /Trend Capital, A.Badalova/ Azerbaijan will play an important role in providing future energy supplies to Europe, Vice-President of the German company on development of fields Manfred Dworatzek said at the opening ceremony of the RWE Baku office.
We have laid a good basis for effective cooperation in gas: President of Azerbaijan 01.07.2009
Upon completion of a signing ceremony of both Azerbaijan-Russia documents concerning the Caspian Sea and a joint statement on the basic principles of completing the delimitation of state borders and distribution of Samur River water resources, Presidents Ilham Aliyev of Azerbaijan and Dmitry Medvedev of Russia gave a joint press conference.
SOCAR Unveils Expansion Plans 29.06.2009
Tbilisi (GBC) - SOCAR Energy Georgia, a subsidiary of the State Oil Company of Azerbaijan (SOCAR), plans to open 10 new gas stations this year.
Who's the Best of the Best? 08.06.2009
If you have received an invitation for the XII Business Rating awards you can expect a treat on June 11. This year The Georgian Times & GORBI are joining forces with the International Chamber of Commerce (ICC) in Georgia to make the occasion more high-profile, lively and eventful.
Georgian PM attends international energy exhibition in Baku 03.06.2009
The International Energy Conference "International Caspian Oil and Gas Exhibition, Incorporating Refining and Petrochemicals'' has opened in Baku. President of Azerbaijan Ilham Aliev and Prime Minister of Georgia Nika Gilauri delivered speeches at the conference. Page 2
Business Rating XXII to award top 25 companies 25.05.2009
The Georgian Times Media Holding and it partner company GORBI are gearing up for the Busines Rating award ceremony, which rewards the best of the best 25 companies of 2008. Since 1995 the Georgian Times Media Holding has been publicly recognising the best business performers in Georgia at this prestigius event.
In 2009 SOCAR exported over 9.4 million tons of oil, including over 1.9 million in April 11.05.2009
For Jan-Apr 2009 State Oil Company of Azerbaijan (SOCAR) exported 9,439,811.3 tons of via varius routes, including 1,917003.3 tons in April 2009 versus 2,569,197 tons in March, 2,873,356.1 tons in February, 2.08 million in January 2009, 2009 million tons in December 2008 and 22.588 million for 2008.
SOCAR Interested in Developing Gas Storage Project - Minister 04.05.2009
Tbilisi (GBC) The State Oil Company of Azerbaijan (SOCAR) is interested in developing a project for constructing a gas storage facility in Georgia, Georgian Energy Minister, Alexandre Khetaguri, said at an April 27 news conference in Baku, the Abc.az newsagency reported.
SOCAR interested in expansion of investments in Georgia 29.04.2009
Georgia has emphasized the interest of the Stale Oil Company of Azerbaijan (SOCAR) in expanding its investments in this country, abc.az reports.
Yesterday in Baku Georgian Energy Minister Alexander Khetaguri claimed that SOCAR was interested in participating in an underground gas storage facility project in Georgia.
Georgia Hosts International Gas and Oil Conference 03.04.2009
The Eighth International Oil, Gas and Infrastructure Conference GIOGlE 2009) and Showcase was held in Tbilisi April 2-3 at the Sheraton Metechi Palace Hotel. The aim of the conference is to discuss the alternative routes for the transportation of oil and gas from Eastern to Western countries, linking the Baku-Tbilisi-Erzurum gas pipeline lo Turkmen and Kazakh gas by developing a Trans-Caspian gas pipeline, and modifying the natural gas supply to Western Europe, the Turkey-Greece and Greece-Italy pipelines. Page 2
Tbilisi denies purchasing gas from SOCAR at inflated prices 01.04.2009
Georgia's Energy Minister Alexander Khetaguri has denied the statement of KazMunayGas President Kairgeldy Kabyldin that Georgia is buying gas from Azerbaijan at the highest prices in the CIS - $400 for 1,000 cu meters.
SOCAR Georgia Gas to Revise tariffs in Regions 16.03.2009
Tbilisi (GBC) - SOCAR Georgia Gas, a subsidiary of the International Oil Company of Azerbaijan (SOCAR), said it will review gas tariffs in Georgia's regions.
SOCAR Opens Tender on Light Oil Sale from Supsa 02.03.2009
Tbilisi (GBC) - The State Oil Company of Azerbaijan Republic (SOCAR) opened a tender on the sale of Azeri Light oil consignment from the Georgian Supsa port, reported Abc.az news agency. Tender result will be announced on Feb. 26.
The Clock is ticking for southern gas corridor, says Azeri Minister 25.02.2009
Azerbaijan has the resources to increase natural gas export to Europe, but it all depends on the timely creation of an effective southern gas corridor from the Caspian region and transit agreements with turkey, Azerbaijan's minister for Industry and Energy Natig Aliyev told New Europe in an interview in Athens. Page2
Business Must Go As Usual 06.02.2009
The Georgian International Oil, Gas, Infrastructure and Energy Conference and Showcase (GIOGIE) is annual implementation of industry and investment reforms organized by ITE Group PLC, a leading organizer of trade exhibition and conferences.
Azerbaijan Invests USD 3bn in Georgian Economy, Ilham Aliyev Says 02.02.2009
Tbilisi (GBC) - Azerbaijan companies has invested USD 3bn in the economy of Georgia for the last several years, Azerbaijan President Ilham Aliyev said at the 29 January Economic Forum in Davos.
NABUCCO debated by video link 29.01.2009
On January 27 a live videoconference between Tbilisi, Moscow and Baku, dedicated to the ongoing NABUCCO gas pipeline project summit in Budapest and the project's advantages and disadvantages for Russia, Georgia and Azerbaijan Republic, was conducted by the RIA NOVOSTI news agency.
Union of Oil Product Producers, Importers, and Consumers named biggest 2008 taxpayer 26.01.2009
The Union of Oil Product Producers, Importers, and Consumers awarded oil companies on January 22 for their outstanding achievements in 2008 and named "SOCAR Georgia Petroleum" LTD the biggest taxpayer in the oil industry for transferring over 172.217.882 GEL in taxes to Georgia's budget.
SOCAR may construct new port in Georgia 12.01.2009
State Oil Company of Azerbaijan Republic (SOCAR) is going to build a new port in Georgia. Azeri news agency Today.Az reported on December 22. The company is poised to build the new port from the savings generated after the Kulevi Oil Terminal becomes operational. The new port will allow the company to increase the load of high-capacity tankers.
SOCAR increases oil products transportation to Georgia by 80% 06.01.2009
Tbilisi (GBC). The State Oil Company of Azerbaijan Republic (SOCAR) has increased oil products transportation to Georgia by 80% through its affiliated company "SOCAR Energy Georgia" LTD. Mr. Mahir Mammedov, Head of "SOCAR Energy Georgia" LTD, said.