Azerbaijan’s SOCAR, Romania’s Transgaz sign MoU for cooperation on natural gas transit
A memorandum of understanding (MoU) has been signed between Azerbaijan’s State Oil Company (SOCAR) and Romania’s state-owned company Transgaz, SOCAR…
For the first time, SOCAR reported a profit in Romania
Fuel distribution operations carried out by Azeri company SOCAR in Romania registered a profit in 2015 for the first time…
OMV subsidiary in Turkey, on SOCAR’s shopping list
Azeri oil company SOCAR is about to launch a takeover bid for OMV subsidiary in Turkey, Petrol Ofisi, indicates declarations…
TAP construction starts this summer
The construction works of the Trans Adriatic Pipeline (TAP) will start mid this year in Greece, said the Greek segment…
EU approved TAP gas link
Greece and the consortium of partners involved in the Trans Adriatic Pipeline (TAP) gas project have complied fully with EU…
SOCAR still wants to aquire Greek gas grid operator DESFA
Azerbaijan’s state-owned oil company SOCAR has confirmed its interest in acquiring a stake in Greek gas grid operator DESFA, with…
SOCAR will raise investments in Romania to 100 million euros
State Oil Company of Azerbaijan, SOCAR, has so far invested 50 million euros in Romania and will allocate a similar…
Hamza Karimov, SOCAR Romania: We will continue opening new filling stations
SOCAR continues investments to expand the distribution network in Romania and relies on the Government program for the development of…
In Romania 66 new fuel stations were opened in 2014
Fuel distribution market is becoming increasingly competitive, in the first six months of the year 66 new fuel stations appeared,…
Karimov, SOCAR: We are still interested in Oltchim
Azeri state oil company SOCAR is still interested in taking over the petrochemical plant Oltchim and analyzes this opportunity, said…
Romanian – Azerbaijani bilateral meeting in the Romanian Parliament
###author### Romania’s Parliament hosted a summit between representatives of the Azerbaijani parliament and representatives of the Chamber of Deputies of…
Socar opens the first filling station in Bucharest, of 3,500 square meters
###author### Socar opened on Friday its first gas station in Bucharest, located on the ring road, under the bridge A1…
Socar opens five filling stations in Romania, first in Bucharest
Socar opened four stations in Romania after an investment of 4 million euros, reaching a network of 24 units of…
SOCAR to increase share capital of Romanian division by 35 million euro
State Azerbaijani company SOCAR bought from Julian and Doina Berescu the remaining 10% stake in SOCAR Petroleum, former Romtranspetrol, 90%…
SOCAR denies its interest to acquire Oltchim
Azerbaijani oil company SOCAR will continue to invest in Romania, but these investments do not include the purchase of Oltchim,…
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