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Azerbaijani State Oil Company News

02 Jul 2019

Tanker Blast at Turkish Port Kills 1 Crewmember

An explosion at an LPG tanker killed one Italian crew member and injured 15 others at the port of Aliaga in Turkey's western Izmir province late on Monday, petrochemicals maker Petkim said.The vessel was anchored at a harbour at the Petkim petrochemical plant operated by the Azerbaijani state oil company SOCAR.Italian crew member Roberto Montegurdia died in the incident, Aliaga province's sub-Governor Erhan Gunay told reporters."At Petkim Pier 5 around 23:20 (2020 GMT), a fire broke out due to an unspecified reason during the connection to the Italian flagged Synzania for the filling of liquid hydrocarbons," Petkim said in a press statement."As a result of the immediate intervention of our teams…

11 May 2014

SOCAR And RWE Dea Sign Joint Study Agreement

The German RWE Dea has signed a Joint Study Agreement with Azerbaijani State Oil Company (SOCAR) on evaluation of the hydrocarbon prospectivity in an area south of Baku in the Caspian Sea. The main goal of the agreement is to identify further exploration opportunities by conducting geological and geophysical analysis in the study area, which is located between Karadagh and Hamamdagh. It covers approximately 850 square kilometres and lies in shallow waters, with water depths up to 30 metres. The agreement will give an opportunity to deepen knowledge about the subsurface in highly prolific areas of the Caspian Sea. “We are pleased to have such an experienced partner as SOCAR by our side and we are looking forward to continue working with the company,'' said Dr.