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SOCAR raises its share in Baku Shipyard
On October 28, 2019, the State Oil Company of Azerbaijan (SOCAR) increased its share in the Baku Shipyard LLC by 17.26% from 70.21% to...
National Press Day celebrations to follow quarantine rules
The events dedicated to the 145th anniversary of the Azerbaijani national press will take place following the requirements of the special quarantine regime in...
Bakhtiyar Aslanbayli highlights planned changes in BP and the company’s current...
BP Vice President for communications, external affairs, strategy in Azerbaijan, Georgia and Turkey region Bakhtiyar Aslanbayli has responded to AZERTAC`s questions on the planned changes...
The first offshore project in Russia, Sakhalin-1, celebrates its 25th anniversary
The first offshore project in Russia, Sakhalin-1, marks the anniversary. 25 years ago, a production sharing agreement (PSA) was signed on the Sakhalin-1 project between...
Shell cuts drilling costs in Russian joint ventures
Shell's Anglo-Dutch oil and gas concern cut global capex in 2020 due to the crisis by 20%, and cost optimization also affected operations in...
SOCAR ends 2019 at a profit
The State Oil Company of Azerbaijan (SOCAR) has announced the consolidated financial statement for 2019, Report informs.
The statement has received a positive opinion from...
Baku Port sends next cargo caravan, coming from China to Turkey
Next cargo caravan, coming from China, has been sent to Turkey by passing through Baku Port, Baku Port told APA-Economics.
On June 30, block train, which...
Poland ready to share experience on developing port infrastructure with Azerbaijan
Poland is ready to share experience on developing port infrastructure with Azerbaijan, Press Office Director at Poland’s Foreign Ministry Andrzej Fąfara told Trend.
"The institutional contacts...
BP sells petchems arm for $5 billion in energy transition revamp
BP has agreed to sell its global petrochemicals business to billionaire Jim Ratcliffe's Ineos for $5 billion, pulling out of a sector widely seen...
Four Chinese oil titans plan to form a group
China's state-owned oil refining giants are in discussions to create a purchasing group to buy crude together, increasing their bargaining power and avoiding bidding...
