SOCAR

In May of this year, the State Oil Company of Azerbaijan (SOCAR) will open its office in Bulgaria. This is a sign of the serious intentions to deepen cooperation between the two countries in the field of energy. This was stated by President Rumen Radev after a video conference call with his colleague Ilham Aliyev, which took place in Baku, announced the press office of the head of state.

President Rumen Radev canceled his participation in the tenth global forum in Baku. The head of state, who is in Azerbaijan, has tested positive for Covid-19. He was subsequently given two more tests, which were negative.

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.

Turkish Petroleum Corporation (TPAO) and the State Oil Company of the Azerbaijan Republic (SOCAR) could work together in field development and production of Turkey's giant gas discovery in the Black Sea, Vagif Aliyev, deputy chairman of SOCAR Turkey told reporters.

SOCAR has been investing and collaborating with Turkish Petroleum Corporation since 1994.

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.

From the first hours of the border closure due to the coronavirus pandemic, Azerbaijan has taken "all possible measures" to help its citizens in Turkey, including those who wanted to return, the country's envoy to Ankara told Anadolu Agency.