Petroleum industry in Azerbaijan

Orban's foreign minister, Peter Szijjarto, the most vocal critic of the EU, is also full of praise. He sees the Turkic states, whose energy ministers he recently hosted in Budapest, as offering "more than a pure energy friendship".

Azeri state energy company SOCAR has decided to acquire the energy business of Germany's EWE in Turkey, taking part in the natural gas distribution business in the country for the first time.

Azeri state energy company SOCAR plans to supply its new refinery in Turkey with oil from different producers in Europe, the Black Sea region and the Gulf, the head of SOCAR's trading arm said in an interview.

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 Oct. 9.

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.

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.

Croatia has named five companies that have won rights to explore gas and oil deposits on the Adriatic coast.

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