SOCAR

Azerbaijan's state oil company SOCAR is interested in gas distribution in Bulgaria, Director of SOCAR Balkan company Murad Heydarov told Trend July 13.

Back in 2015, the Bulgarian government presented a set of projects on energy cooperation to Azerbaijan.

Today, the Southern Gas Corridor, which will transport Azerbaijani gas to Europe, was officially opened, bTV reported.
It is expected that the Caspian blue fuel will reach Bulgaria after 2 years.

SOCAR Turkey, an affiliate of Azerbaijan's state oil company SOCAR, will launch the Star refinery with a $6.3 billion investment in İzmir in October, the general manager of the refinery said on May 21.

State sell-off fund TAIPED, in cooperation with Hellenic Petroleum, is expected on Friday to open the new and improved binding offers for a 66 percent stake in gas grid operator DESFA.

The first new oil refinery to be built in Turkey in 30 years will start up in the third quarter of 2018, the builder and operator Azeri state energy firm SOCAR said on Feb. 22.

Azerbaijan, via its state energy company SOCAR, is ready to engage in Bulgaria's gasification at its own expense. The statement was made by the President of Azerbaijan Ilham Aliyev on the occasion of a visit by the Prime Minister of Bulgaria Boyko Borissov to the central Asian country, EurActiv reports. 

Azerbaijan and Bulgaria are not only friends, but also strategic partners, Azerbaijan's ambassador to Bulgaria Nargiz Gurbanova told Bloomberg TV, quoted by Trend News Agency.

The deadline for the submission of binding offers for the 66 percent controlling stake in gas grid operator DESFA has been put off from December 22 to January 2018.

State sell-off fund TAIPED accepted a request to that effect submitted by candidate investors last week, as they want more time to prepare their offers.

British oil giant BP and energy-rich Azerbaijan on Sept. 14 prolonged their sharing deal for the Caucasus nation's largest oilfields until 2050.

"This time round, the contract is being signed on better terms for Azerbaijan," the ex-Soviet nation's President Ilham Aliyev said during a signing ceremony in the capital, Baku.

Energy Minister Giorgos Stathakis has given candidate buyers of gas grid operator DESFA a 400-million-euro bar to clear ahead of next Monday's submission of non-binding bids.