SOCAR News

 

U.S. Oil Makes it to Ukraine, a blow to Moscow

Jul 12, 2019

U.S. crude exports are gaining traction in Europe as even Ukraine turns into a significant consumer of American barrels at the expense of Russian supplies amid heightened U.S. political pressure on Moscow and problems over contaminated Russian oil.Ukraine this month received its first ever barrels from the United States, according to Refinitiv Eikon flows data, as the tanker Wisdom Venture unloaded 80…

ADNOC, Pertamina Ink Development Pact

Jul 24, 2019

The Abu Dhabi National Oil Company (ADNOC) signed an agreement on Wednesday with Indonesia's state-owned energy company PT Pertamina for oil and gas collaboration in both countries and globally, ADNOC said in a statement.The comprehensive strategic…

BP Invests $6 Bln in Offshore Azerbaijan Project

Apr 22, 2019

The British multinational oil and gas company BP and its partners will lead a $6 billion development of the giant Azeri-Chirag-Deepwater Gunashli (ACG) oil-field complex offshore Azerbaijan.The supermajor said that the Azeri Central East (ACE)…

As Traders Tussle Turkmenistan Cuts Exports

Feb 19, 2019

A clash between trading house Vitol and Azerbaijan's SOCAR over Caspian Sea oil shipments is forcing Turkmenistan to slash exports of crude due to a lack of tankers.Turkmenistan typically exports about 200,000 tonnes of oil per month via the Caspian to world markets…

SOCAR Installs New Platform at Bulla-Deniz

Dec 26, 2018

A new stationary drilling platform was commissioned on Monday at the Bulla-Deniz offshore field in Azerbaijani sector of the Caspian Sea.The platform was built by SOCAR Oil and Gas Construction Trust and projected by the in-house Oil & Gas Research and Design Institute…

Start-up of Turkey's $6 bln STAR Oil Refinery Delayed

Nov 13, 2018

The commercial start-up of Turkey's new $6.3 billion oil refinery has been delayed until early next year and the plant is not expected to reach full capacity until mid-2019, three sources familiar with the matter said, as tests revealed minor faults…

STAR Oil Refinery to Reduce Turkey Dependence on Imports, says Erdogan

Oct 19, 2018

A new $6.3 billion refinery set up by the Azeri state oil company in Turkey will reduce Ankara's dependence on imports for processed oil products, President Tayyip Erdogan said on Friday.The new plant could also help to ease some of the pain from Turkey's currency crisis…

SOCAR's New Oil Refinery in Turkey to Start Up Next Week

Oct 09, 2018

Azeri state energy company SOCAR plans to start up its new oil refinery in Turkey next week, a spokeswoman at SOCAR's Turkish division said on Tuesday.The $6.3 billion Star refinery, the first in Turkey built in 30 years, will supply feedstock…

Current News

China Issues More Crude Oil Import Quotas

China Issues More Crude Oil Import Quotas

Fugro Enters the South Korean Offshore Wind

Fugro Enters the South Korean Offshore Wind

Asian Producers to Boost Winter Gas Supply

Asian Producers to Boost Winter Gas Supply

Tankers Unable to Offload in Malaysian Port

Tankers Unable to Offload in Malaysian Port

India's Oil Imports at 3-year Low

India's Oil Imports at 3-year Low

Shell Exits Two Kazakh Offshore Projects

Shell Exits Two Kazakh Offshore Projects

Temasek Bids $3 Bln for Control of Keppel

Temasek Bids $3 Bln for Control of Keppel

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