SOCAR

The capacity of the Trans-Anatolian Natural Gas Pipeline (TANAP) will be doubled, Energy Minister Fatih Dönmez has announced.

The Azerbaijani state oil company, SOCAR, has agreed to import additional amounts of natural gas to Turkey amid a cut in the flow from Iran, a senior official of the company has said.

The July 13th base is one of the dozens of disused army facilities dotted across Montenegro. Of 92 military-owned buildings in the country, only 27 are in use, the ministry of defense told BIRN. Efforts to find investors for them have been hit-and-miss at best.

One-fifth of the pipeline capacity of the Trans Anatolian Natural Gas Pipeline (TANAP) can be used to transport hydrogen to Europe without the need for further investments, Elshad Nasirov, vice president for investment and marketing at SOCAR, said during a virtual event late Tuesday.

From December 31, Bulgaria will start receiving natural gas from Azerbaijan. According to the signed contract between Bulgargaz and the Azerbaijani oil company SOCAR, 1 billion cubic meters of gas per year will be delivered to our country from the Shah Deniz 2 gas field for a period of 25 years, the government press office reported.

Turkey and Azerbaijan agreed to natural gas supplies from Turkey to the Nakhchivan Autonomous Republic in a Memorandum of Understanding (MoU) between Turkey's Energy and Natural Resources Minister Fatih Dönmez and Azerbaijan's Energy Minister Parviz Shahbazov on Dec. 15.

Azerbaijan's integrated drilling and oil services management company, SOCAR AQS, opened 40 wells to expand the storage capacity of the Salt Lake (Tuz Gölü) Natural Gas Storage Facility in central Anatolia, head of SOCAR AQS said on May 27.

Around $103 million will be invested for storage expansion at the Salt Lake facility, SOCAR AQS Director General Ramin Isayev told Anadolu Agency.

Relations between Azerbaijan and Bulgaria have been demonstrating positive dynamics over the recent years. There are plenty of spheres where the countries can implement joint projects and use potential of both countries for further development of economic cooperation, especially within the energy field, writes MENAFN.

STAR Refinery has processed 1.5 million tons of crude oil to date and total production will reach 8 million tons by the end of this year, Zaur Gahramanov, head of Socar Türkiye, has said.

Bulgaria's Bulgargaz has struck a deal to buy 1.5 million megawatt hours of natural gas from Greece's Public Gas Corporation (DEPA), the first time the state provider has bought gas outside its long-term contract with Russia's Gazprom.