SOCAR

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.

Relations between Azerbaijan and Bulgaria have been demonstrating positive dynamics over the recent years. There are plenty of spheres where the countries can implement joint projects and use potential of both countries for further development of economic cooperation, especially within the energy field, writes MENAFN.

STAR Refinery has processed 1.5 million tons of crude oil to date and total production will reach 8 million tons by the end of this year, Zaur Gahramanov, head of Socar Türkiye, has said.

Bulgaria's Bulgargaz has struck a deal to buy 1.5 million megawatt hours of natural gas from Greece's Public Gas Corporation (DEPA), the first time the state provider has bought gas outside its long-term contract with Russia's Gazprom.

Azerbaijan and Russia discussed the possibility of supplying Russian oil to the STAR refinery in Turkey, owned by SOCAR, the Azerbaijani state company, according to Azerbaijani news agency Trend on March 18.

Azerbaijan and Bulgaria are eager to expand cooperation in all fields, where the sides see great potential, in order to achieve more visible results, Nikolay Yankov, Bulgarian Ambassador to Azerbaijan, reports Azernews.

The ambassador stressed that great cooperation in the energy field is already established between the states.

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.