XOM signs new deal with SOCAR to explore Azerbaijan's untapped onshore oil, eyeing unconventional reserves for growth.

BP pointed out in its release that the Shah Deniz Compression project is valued at $2.9 billion and that the company operates ...

Rovshan Najaf, President of the State Oil Company of the Republic of Azerbaijan (SOCAR), addressed the International ...

The SOCAR president emphasized that Azerbaijan actively participates in the global fight against climate change and noted ...

As part of this shift, Kazakhstan signed an agreement with Azerbaijan's state oil company SOCAR for the transit of 1.5 million tonnes of oil per year via the Aktau–Baku–BTC (Baku-Tbilisi-Ceyhan) route ...

Terms follow the signing of a Memorandum of Understanding in September 2024 to evaluate hydrocarbon exploration in the Shamakhi-Gobustan regions.

Turkish Minister of Energy and Natural Resources Alparslan Bayraktar participated in Baku Energy Week, where he underlined ...

BAKU. June 5 (Interfax) - Production of the first gas in the second phase of development at the Absheron field in the Azerbaijani sector of the Caspian Sea is planned for late 2028 to early 2029, ...

Azerbaijan is steadily strengthening its role in European energy markets. As President Ilham Aliyev noted at the event’s ...

SOCAR reveals the number of oil produced in the infamous Oil Rocks since its establishment. During the same period, a total ...

MOL Group and SOCAR have signed key terms for an exploration, development, and production sharing agreement for a new onshore ...