ENGLISH
|
JAPANESE
|
CONNECT WITH US:
Home
About
Contact
Log in
*
Home
Press release
Sep 29, 2020 11:00 JST
Source:
SOCAR
The future of Azerbaijan is closely linked to SOCAR Corporation
BAKU, Azerbaijan, Sep 29, 2020 - (ACN Newswire) - The direction chosen by the state oil company allowed Azerbaijan to take the first place in gas supply to Turkey. Such changes have raised Azerbaijan's rating on the European gas market.
This fact becomes a reason to consider Azerbaijan as an influential world player. The USA Tribune, an American news outlet, quoted President Ilham Aliyev's speech on the landmark changes in the energy sector over the past years. This does not mean simple extraction of raw materials, but transaction support and related transport services. The state's construction and engineering organizations, which SOCAR has provided with prosperity, are closely connected with the oil industry.
Azerbaijan's largest agreement with seven world powers, including Saudi Arabia, the United States, Russia and the United Kingdom, was called the "Contract of the century". On September 20, 1994, 13 giant companies laid down the main oil strategy, which opened up new horizons for Azerbaijan's integration into energy trading on a global level with other States. This transaction generated a profit of more than 150 billion dollars.
Heydar Aliyev ratified this contract in December 1994, which allowed the partners to develop the Azeri, Chirag and Guneshli oil fields. Azerbaijan became a member of the oil Empire thanks to this agreement. And in the next 20 years of joint work, SOCAR succeeded. The company's subsidiaries in Switzerland, the UAE, Turkey and Russia represent a well-developed network.
The acquisition of the Turkish chemical holding Petkim allowed SOCAR to introduce transport, construction and engineering services in Turkey. Petkim polymer production is not limited to meeting the needs of the Turkish state, but also exports and participates in the construction of major trade and transport hubs, such as container ports. To do this, the company attracts new partners.
In Georgia, SOCAR owns a network of gas stations, and the company is also investing in the construction of the Supsa sea transport hub.
The company owns a network of its own gas stations on the territory of Ukraine, cooperates with Switzerland, China and African countries.
SOCAR is recognized as the largest taxpayer in Kazakhstan, a strategic partner of the United States and one of the world's most influential oil business corporations. According to the audit reports for 2019, the company's cash turnover amounted to $ 50 billion.
The profession of an oilman is held in high esteem in Azerbaijan. President Ilham Aliyev has personally worked in the oil industry for 9 years and knows from experience what risks oil workers put themselves at, ensuring a decent life for the people of their country and a place of honor for the state in the world. This is a feat worthy of respect.
On September 20, the country annually celebrates a professional holiday - oilman's day. People of this profession ensured the flourishing of the energy economy of Azerbaijan.
Media contact
Contact: Mamed Gasanov
Address: 121, Haydar Aliyev Avenue, Baku, AZ1029, The Republic of Azerbaijan
Phone: work +994 12 5210282 | Fax: +994 12 5210383
Email:
Gasanov@socar.az
Website:
http://www.socar.az/
Source: SOCAR
Sectors: Oil & Gas
Copyright ©2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
Latest Release
Mazda Production and Sales Results for March 2024 and for April 2023 through March 2024
Apr 25, 2024 18:21 JST
MHI Begins Operation of SOEC Test Module the Next-Generation High-Efficiency Hydrogen Production Technology at Takasago Hydrogen Park
Apr 25, 2024 17:45 JST
GAC Honda to Begin Sales of All-new e:NP2, the Second Model of e:N Series
Apr 25, 2024 16:50 JST
Toyota Exhibiting at Beijing Motor Show 2024
Apr 25, 2024 16:25 JST
Honda Reaches Basic Agreement with Asahi Kasei on Collaboration for Production of Battery Separators for Automotive Batteries in Canada
Apr 25, 2024 11:10 JST
UNIQLO Sponsors KAWS + Warhol Exhibition Tour, Starting in Pittsburgh
Apr 25, 2024 09:00 JST
Mitsubishi Power Begins Commercial Operation of Seventh M701JAC Gas Turbine in Thailand GTCC Project; Achieves 75,000 AOH To-Date
Apr 24, 2024 17:19 JST
MC and Denka Sign J/V Agreement in Fullerene Business
Apr 24, 2024 17:02 JST
Mitsubishi Motors Posts Record Sales in the Philippines in FY2023
Apr 24, 2024 13:56 JST
NEC Develops High-speed Generative AI Large Language Models (LLM) with World-class Performance
Apr 24, 2024 13:25 JST
Fujitsu SX Survey reveals key success factors for sustainability
Apr 23, 2024 10:25 JST
Fujitsu and METRON collaborate to drive ESG success: slashing energy costs, boosting productivity with new manufacturing industry solutions
Apr 22, 2024 16:09 JST
NEC Strengthens Commitment to Space Industry with Investment in Seraphim Space Venture Fund II
Apr 22, 2024 15:09 JST
Soft Space Launches the First and Only JCB Payment Gateway in Malaysia
Apr 22, 2024 15:00 JST
TOYOTA GAZOO Racing takes a one-two in Croatian thriller
Apr 22, 2024 10:47 JST
First-ever Mazda CX-80 Crossover SUV Unveiled in Europe
Apr 19, 2024 13:50 JST
Fujitsu develops technology to convert corporate digital identity credentials, enabling participation of non-European companies in European data spaces
Apr 19, 2024 10:17 JST
Mitsubishi Heavy Industries and NGK to Jointly Develop Hydrogen Purification System from Ammonia Cracking Gas
Apr 18, 2024 17:01 JST
Toyota Launches All-New Land Cruiser "250" Series in Japan
Apr 18, 2024 13:39 JST
Fujitsu and Oracle collaborate to deliver sovereign cloud and AI capabilities in Japan
Apr 18, 2024 11:14 JST
More Latest Release >>
Related Release
SOCAR as a Main Pillar of Azerbaijani Statehood
September 26 2020 06:00 JST
More Press release >>