The country reported that SOCAR-CAPE export earnings surpassed half a million dollars in the first seven months of 2026, while cotton yarn shipments experienced a notable year-on-year increase.
State oil company SOCAR announced higher annual profits, while software firm Omda reported expanded profit margins driven by a shift toward recurring revenue models. Both companies highlighted robust operational performance and strategic investments as key factors behind their improved financial standings.
Former Romanian Minister for Business Environment, Ilan Laufer, has developed a commercial complex in Otopeni with businessman Hamza Karimov, former CEO of SOCAR Petroleum, the Romanian subsidiary of Azerbaijan's state oil company, SOCAR.
Azerbaijan has summoned the Russian ambassador after Russian strikes in Ukraine damaged a SOCAR station, following previous damage to the Azerbaijani Embassy in Kyiv and other SOCAR facilities.
Azerbaijan's SOCAR is providing backup gas supplies to Egypt and Jordan, offering alternatives when Israeli gas exports are disrupted and maintaining Israel's regional customer links, as Iran threatens fuel shipping in the region.
Serbia's national power company EPS has signed an agreement with Azerbaijan's SOCAR to construct a new gas-fueled power plant. The facility will be built in the southern Serbian city of Nis.
Azerbaijan's state oil company SOCAR and BGP Inc. have held discussions regarding the prospects for expanding their cooperation. The talks focused on potential new projects and strengthening their existing partnership in the energy sector.
Serbian Minister of Mining and Energy, Dubravka Đedović Handanović, met with representatives of the Azerbaijani government and SOCAR in Baku to discuss the construction of a gas power plant near Niš and natural gas supply.
Pakistan's Oil and Gas Regulatory Authority (Ogra) is seeking public input on dollarized returns for the $432 million Pak-Azerbaijan oil pipeline project, which includes SOCAR, FWO, and PSO. A public hearing is scheduled for March 2 to discuss payback and transport-cost impacts, following earlier objections from ministries to dollar-based returns despite the ECC clearing the project at $300 million.
Azerbaijan's state oil company reported a sharp decline in non-petroleum product shipments, totaling $175.7 million year-to-date compared to the previous period.
SOCAR, Azerbaijan's state oil company, is set to enter Uzbekistan's retail fuel market. The company plans to invest in and establish a network of gas stations across the country.
A recipe highlights marinated ribs as the star of a dry rice dish with green beans, emphasizing slow oven cooking for tender meat and a light 'socarrat' for the rice.
Azerbaijan's Ministry of Foreign Affairs summoned Russian Ambassador Mikhail Yevdokimov, where he was issued a strong protest and handed a diplomatic note in connection with a drone attack on a SOCAR…
BP is on track to hand over the running of the Baku-Tbilisi-Ceyhan (BTC) oil pipeline to Azerbaijan’s SOCAR from July 1 as part of a contractual obligation, British energy m...
Serbian state-owned power company EPS and Azerbaijan's SOCAR have signed a document outlining the terms of cooperation for the construction of a gas-fired power plant in Niš, Serbia.
Levan Davitashvili, Georgia's former Economy Minister, has been appointed as the new CEO of Italiana Petroli, an Italian petroleum company owned by Azerbaijan's state oil company SOCAR.
SOCAR's Kulevi oil terminal in Georgia has reportedly escaped inclusion in the latest round of EU sanctions against Russia, despite earlier indications that it might be targeted.
Azerbaijan’s state energy company SOCAR is advancing a $2 billion investment in Uzbekistan, with preliminary estimates projecting an annual production capacity of 5 million tons of oil to strengthen bilateral energy cooperation.
On-demand car sharing platform Socar is shutting down its operations in Malaysia after eight years, with users receiving notifications about the closure.
Türkiye's state-run energy company BOTAŞ has signed a new natural gas sales and purchase agreement with Azerbaijan's SOCAR, TotalEnergies, and ADNOC for gas to be produced from Absheron.
BP has finalized a gas exploration agreement in Uzbekistan, partnering with Azerbaijan's SOCAR and the state-owned Uzbekneftegaz. This deal marks a significant step for BP in Central Asian energy markets.
Uzbekneftegaz and SOCAR, the national oil and gas companies of Uzbekistan and Azerbaijan respectively, are engaged in discussions to develop joint projects in the energy sector.
The President of SOCAR (State Oil Company of Azerbaijan Republic) stated that US companies were among the first partners in Azerbaijan’s major oil and gas projects, underscoring their historical and ongoing role in the country's energy sector.
The European Union will not include Kulevi Port in Georgia in its 20th package of sanctions against Russia, expected to be adopted shortly, citing “positive commitments” by Georgian authorities and the port operator in reassessing the initial proposal. The decision was communicated in a letter from EU sanctions envoy David O’Sullivan to Georgian Dream Foreign …