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bp and SOCAR sign MOU on two blocks in Caspian Sea

Thursday, September 26 2024

Fossil Energy – Azerbaijan

On September 20 bp and SOCAR (The State Oil Company of Azerbaijan Republic) signed a memorandum of understanding (MOU) in Baku announcing bp’s intention to join agreements on two exploration and development blocks in the Azerbaijan sector of the Caspian Sea.

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Filed Under: Azerbaijan, BP, Caspian Sea, Development, Exploration, International projects, SOCAR Tagged With: Azerbaijan, BP, Caspian Sea, Development, exploration block, MOU, Socar

Equinor sells its interests in Azerbaijan

Saturday, December 23 2023

Fossil Energy – Azerbaijan

Equinor and SOCAR (State Oil Company of Azerbaijan Republic) have signed an agreement whereby Equinor will divest all its remaining assets in Azerbaijan to SOCAR.

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Filed Under: Azerbaijan, divestment, Equinor, International News, Oil and Gas, SOCAR Tagged With: Azerbaijan, divestment, Equinor, Socar

SOCAR signs joint development agreements for renewable energy sources

Monday, January 16 2023

General – Renewable Energy

The State Oil Company of Azerbaijan (SOCAR) and United Arab Emirates’ Masdar company have signed Agreements on the joint development of offshore wind energy and hydrogen projects with a capacity of 2 GW, as well as joint development of 1 GW solar photovoltaic (PV) and 1 GW onshore wind energy projects.

[Read more…] about SOCAR signs joint development agreements for renewable energy sources

Filed Under: Azerbaijan, International News, Joint Development Agreement, Masdar, SOCAR, UAE Tagged With: Azerbaijan, joint development, Masdar, Socar, UAE

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