Indian ONGC Videsh to Trade Crude Jointly with SOCAR

• Wednesday, 1st June 2016
• by Egypt Oil & Gas

Indian ONGC Videsh (OVL), the overseas arm of the state-run explorer Oil and Natural Gas Corporation (ONGC), signed a Memorandum of Understanding (MoU) with SOCAR Trading, the trading arm of Azerbaijan’s governm...

Azerbaijan Seeks To Buy More Russian Gas

• Sunday, 15th May 2016
• by Egypt Oil & Gas

Azerbaijan’s state oil company SOCAR has put forward a proposal to Russia’s Gazprom for purchasing 3 to 5bcm of gas a year, SOCAR President Rovnag Abdullayev told reporters according to Trend. “Curre...

Azeri SOCAR to Reconstruct Baku Oil Refinery

• Wednesday, 9th March 2016
• by Egypt Oil & Gas

The State Oil Company of Azerbaijan (SOCAR) and KBR, the American engineering, procurement, and construction company, will create an ad hoc group of experts for the management of the reconstruction work of the Baku Oi...

Iran to Re-Launch Oil Swaps with Azerbaijan

• Monday, 29th February 2016
• by Egypt Oil & Gas

Iran is expected to begin implementing the oil swap agreement with Azerbaijan in March, after a gap of five years, ABC reported. Iranian Deputy Oil Minister and Managing Director of the National Iranian Oil Company (N...

SOCAR, Uzbekneftegaz Negotiating a Joint Venture in 2016

• Tuesday, 29th December 2015
• by Egypt Oil & Gas

The State Oil Company of the Azerbaijan Republic (SOCAR) and Uzbekistan’s Uzbekneftegaz National Holding Company (UNHC) hold talks to establish a joint venture aimed at boosting the Uzbek oil and gas industry th...

Azerbaijan to Enter Egypt’s Petrochemical Industry

• Wednesday, 11th November 2015
• by Egypt Oil & Gas

SOCAR, Azerbaijan’s state-owned energy company, is interested in taking a stake in Egyptian oil refineries, Reuters reports. “We would like to widen our activities in Egypt, particularly to buy stakes in refiner...