The founding family of Italiana Petroli is close to finalising the sale of the oil refiner to the State Oil Company of Azerbaijan (SOCAR), in a deal that would give the Azerbaijani group control of one of Italy’s largest petrol station networks, three sources have said.
The head of SOCAR România, Ramil Asadullazade, is under scrutiny after Romanian media published photographs and details of an alleged affair with the company’s HR director, Bibiana Constantin.
Azerbaijan-Russia tensions are caused entirely by Moscow’s actions, and it is Russia that must take steps to restore normal relations, said Farid Shafiev at the 13th CICA Think Tank Forum in Baku.
Azerbaijan’s SOCAR will invest $7 billion in Türkiye’s petrochemical sector, reinforcing its role as the country’s largest foreign investor.
Russian drones deliberately struck a SOCAR oil depot in Ukraine's southern Odesa region for the second time in two weeks on Monday (18 August), according to Ukrainian officials.
SOCAR Türkiye, a subsidiary of the State Oil Company of the Azerbaijani Republic, has announced about a cooperation with Turkish Airlines in the field of sustainable aviation fuel. The move is aimed at complying with Türkiye's goal of reducing aviation emissions by 5% by 2030.
Ukrainian state-owned oil and gas company Naftogaz has signed its first agreement with SOCAR Energy Ukraine, a subsidiary of Azerbaijan’s SOCAR, to import a small volume of natural gas via the Trans-Balkan pipeline.
Uzbekistan’s Energy Ministry, the State Oil Company of the Azerbaijan Republic (SOCAR), and Uzbekneftegaz signed a Production Sharing Agreement (PSA) on Thursday for the exploration and subsequent production of hydrocarbons in investment blocks located in the Ustyurt oil and gas region.
A Memorandum of Understanding (MoU) was signed on Saturday, 12 July between the State Oil Company of the Republic of Azerbaijan (SOCAR) and the Government of the Syrian Arab Republic, during the working visit of Syria’s Transitional President Ahmad Al-Sharaa to Azerbaijan.
Azerbaijan’s state energy firm SOCAR has signed a 10-year natural gas supply deal with Germany’s state-owned SEFE (Securing Energy for Europe), the companies announced on Tuesday.
Hungary's MOL Group and SOCAR have signed key terms for an exploration, development, and production sharing agreement for a new onshore area covering the Shamakhi-Gobustan regions of Azerbaijan.
bp, SOCAR and TPAO today signed several agreements enabling TPAO to join the production sharing agreement (PSA) for the Shafag-Asiman offshore block in the Azerbaijan sector of the Caspian Sea.
Baku Energy Week 2025 has spotlighted Azerbaijan’s rising energy role, as it secures landmark oil, gas, and renewable energy deals with global partners, reinforcing its commitment to diversification and security.
Azerbaijan’s state oil company SOCAR and Canada’s Gran Tierra Energy Inc. have signed a memorandum of understanding (MoU) to conduct joint research focused on the technical and economic assessment of a project to explore, develop, and produce hydrocarbon resources in the Guba-Caspian region.
Azerbaijan's SOCAR, Kazakhstan's KazMunayGas, Uzbekistan's Uzbekneftegaz, and Russia's Tatneft have signed a landmark agreement to cooperate on decarbonization and sustainable development initiatives.
SOCAR Energy Switzerland, a subsidiary of the State Oil Company of the Azerbaijani Republic (SOCAR), has commissioned Switzerland’s first fast-charging station for electric trucks.
Vietnam and Azerbaijan plan to expand cooperation in oil exploration and production. Several energy sector agreements were signed during the recent state visit of To Lam, General Secretary of the Communist Party of Vietnam, to Azerbaijan.
On March 4, President of the Republic of Azerbaijan Ilham Aliyev met with Nail Maganov, General Director of Russia’s "Tatneft," Askhat Khassenov, Chairman of the Management Board of Kazakhstan’s "KazMunayGas," and Bakhodirjon Sidikov, Chairman of the Board of Uzbekistan’s "Uzbekneftegaz."
The State Oil Company of Azerbaijan (SOCAR) has started the transit of crude oil from Kazakhstan's Kashagan field through the Baku-Tbilisi-Ceyhan (BTC) oil pipeline.
SOCAR issues $200M "green bonds" to boost climate finance in Azerbaijan, supporting renewable energy and zero-emission goals by 2050. Invest by Feb 28, 2025.
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