News Archive

22 June 2016

SOCAR President attends meeting with Upstream investors

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Rovnag Abdullayev, President of SOCAR, attended a meeting held within the framework of BP two-day investor field trip to Baku. Senior portfolio or fund managers for some of the world’s most significant investment funds, including Capital Research International, Capital World, UBS Asset Management, Fidelity Research and JP Morgan Asset Management attended the field trip. The key objective of the trip was to provide these analysts with an in-depth review of BP’s global upstream portfolio and strategy. Gordon Birrell, BP Regional President for Azerbaijan, Georgia and Turkey, said that as part of this review, BP Azerbaijan leadership presented to the visiting analysts their track record of over 22 years of investing in Azerbaijan and provided an opinion on future investment opportunities. Rovnag Abdullayev, SOCAR President, spoke about the achievements of Azerbaijan’s energy strategy. He informed the guests about the SOCAR’s investment projects carried out in Azerbaijan and abroad. Bernard Looney, BP's Upstream CEO, said: ''That’s why when we wanted to talk to our investors about the future - we brought them here. After all, if anyone wanted to know what the future of oil and gas looks like, they only need come to Baku. ''

20 June 2016

Petronas delegation visits SOCAR

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On June 20, SOCAR President Rovnag Abdullayev received the delegation led by Datuk Wan Zulkiflee Wan Ariffin, President and CEO of Malaysian Petronas. Welcoming the guests, Rovnag Abdullayev spoke about the long-term useful cooperation between SOCAR and Petronas and said the projects in partnership with both companies were progressing successfully. Reminding about his previous visit to SOCAR, Datuk Wan Zulkiflee Wan Ariffin stated that Petronas and SOCAR are successfully working within the Shah Deniz-2 project and his company is interested in expanding cooperation. Rovnag Abdullayev informed the delegation on the process of implementing Shah Deniz and Southern Gas Corridor projects. He noted that the works on the second phase development of Shah Deniz field and construction of pipelines proceed by the schedule. Both parties have expressed confidence that Turkey would be able to transport gas via its territory in 2018.

18 June 2016

SOCAR President attends St. Petersburg International Economic Forum

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SOCAR President Rovnag Abdullayev attended the St. Petersburg International Economic Forum on June 16-18, 2016 and held a series of bilateral meetings within the framework of the Forum. A working meeting with Alexey Miller, Chairman of the Gazprom Management Committee, highlighted the prospects for expanding trading operations with gas, liquid hydrocarbons, and petrochemical products, as well as increasing gas supplies. SOCAR and Gazprombank signed a cooperation agreement about the construction of nitrogen unit by Russia’s Cryogenmash for SOCAR Polymer’s Polypropylene and High-Density Polyethylene Plant. A Memorandum of Understanding was signed between SOCAR, Gazprombank and the export credit and investment agencies EXIAR (Russia) and SACE (Italy) on financing and construction of gas chemical complex in Azerbaijan. The document was signed in the presence of President Vladimir Putin of Russia and Prime Minister Matteo Renzi of Italy. Gazprombank will finance the project of SOCAR Gas Plastics Company, which opens new opportunities for Gazprombank Group of Companies to fund and supply Russian equipment abroad. According to preliminary estimates, the total investment budget of the project is $3.5 bn. The potential volume of supply of Russian equipment and materials and the cost of construction and installation services of Russian contractors for the project will be up to 20% of the investment budget. Gazprombank estimated the large-scale projects carried out jointly with SOCAR as a good example of combining financial and technological capabilities of the Group.

16 June 2016

SOCAR holds meeting on human resources management

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SOCAR Human Resources Department held a meeting on the results of measures toward implementation of human resources management within the company’s exploration and production entities. SOCAR vice presidents Khalik Mammadov, Yashar Latifov, Bahram Huseynov and other officials attended the meeting. Head of the Human Resources Department Asif Bakirli spoke about the directions of SOCAR’s human resources policy, processes and statistics, functions, ongoing projects, plans and capabilities. The meeting highlighted the issues of career development and opportunities, improvement of communication systems, rotation of staff, professional experience analysis, targets, individual development plan, training, development and education programs, human resources management strategy, effective human resources management and etc.

13 June 2016

SOCAR Training, Education and Certification Department staff members attend workshop

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The Ministry of Education of Azerbaijan and German Society for International Cooperation have jointly organized a workshop for the instructors and trainers of the SOCAR Training, Education and Certification Department who attended the training course on unification of theory and practice in the elementary professional development system within the Management and Pedagogics Training Program and collected international certificates. The instructors and trainers exchanged their views on effective education and training methods for professional development, practice and training, educational program for sustainable development, personnel development, sustainable training process and other topics. The workshop will last for three days.

10 June 2016

Third stage of promotional campaign “UEFA EURO 2016, SOCAR takes you to the final tournament in France!” finished

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SOCAR Petroleum SA in Romania announced 10 winners of a prize of two tickets to the Romania-Albania match within UEFA EURO 2016 group tournament during the campaign “UEFA EURO 2016 SOCAR takes you the final tournament in France!” The winners were selected by lot in a ceremony held in the presence of SOCAR Petroleum SA staff and journalists at one of the SOCAR’s filling stations in Bucharest. For this award, participants competed in the third stage of the campaign held from May 23 to June 3, 2016. SOCAR Petroleum SA organizes the promotional campaign, “UEFA EURO 2016, SOCAR takes you to the final tournament to France!” between 15 March to 30 June 2016. All customers of SOCAR filling stations in Romania buying 60 litres of fuel are competing to earn a ticket to France. The last stage will determine a winner of two tickets to the final match. The winner will be invited to the SOCAR Petroleum’s office to attend the ticket presentation ceremony.

8 June 2016

Above 2.5 mln tons of Azerbaijani oil delivered from Ceyhan Port to world market in May 2016

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2 562 thousands 488 tons of Azerbaijani oil were delivered from Ceyhan Port to the world market in May 2016. (1 558 thousands 661 tons of this volume were the oil of the State Oil Fund of the Republic of Azerbaijan). 12 651 407 tons of oil were exported from Ceyhan in January-May this year. In general, 303 mln 845 thousands 179 tons of Azerbaijani oil have been exported from Ceyhan Port to the world market since the start of BTC exploitation until June 1, 2016.

8 June 2016

BTC transported 2.6 mln tons of Azerbaijani oil in May

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2 625 235 tons of Azerbaijani oil were transported via BTC main export pipeline in May 2016. 12 440 802 tons of oil were transported via this pipeline in January-May. In general, 305 million 116 thousands 191 tons of oil have been pumped to BTC since the start of pipeline exploitation until June 1, 2016. In addition, overall 404 thousands 436 tons of Turkmen oil were pumped via BTC in May 2016.

7 June 2016

Environmental monitoring results discussed

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The Department of Environmental Monitoring analyzed the results of monitoring on environmental assessment of Oil Rocks and Guneshli fields in 2011-2015 and heard a report on systematic condition of the oil fields, methods of monitoring, physical-chemical parameters of the sea water, Caspian Sea currents, chemical-biological research of the sea water and bottom and comparative analysis of the research results. Head of the Department of Ecology Azer Aliyev emphasized the importance of the discussions on implementation of the environmental projects, gained results and experience and hearing of opinions and comments. The Department decided to continue discussions on research of contaminants on oil and gas fields and dynamics of biological environment and monitoring results.

6 June 2016

SOCAR opens new filling station in Romania

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SOCAR successfully continues its investment projects in Romania and expands filling stations network. New SOCAR petrol station was opened in Pitesti on June 6. Consequently, the number of SOCAR filling stations in Romania reached 34. The station realizes the sale of Nano 95, Nano Diesel and Nano Super Diesel fuel. It will fuel four passenger cars and two large-size trucks at the same time. SOCAR filling stations operate in 17 regions of Romania.

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