Russia’s New Stream Group of Companies doesn’t intend to sell a block of shares to Azerbaijan’s state oil company SOCAR, the group of companies told Trend July 16.

Consumers of Azerbaijani gas in Europe will receive it in full and on time, Vitaly Beglyarbekov, Deputy Vice-President for Investments and Marketing of the State Oil Company of Azerbaijan (SOCAR) said in an interview with Moscow-Baku information portal.

There are opportunities to attract gas from new potential sources to the Southern Gas Corridor (SGC), Vitaly Beglyarbekov, Deputy Vice-President for Investments and Marketing of the State Oil Company of Azerbaijan (SOCAR) said in an interview with Moscow-Baku information portal.

There is no doubt that all external expected borrowings for the Southern Gas Corridor will be received on time, Deputy Vice-President of Azerbaijan’s state oil company SOCAR for investments and marketing Vitaliy Baylarbayov said in an interview with Moscow-Baku news website.

Montenegro is in permanent communication with the officials of Azerbaijan and the representatives of the state oil company SOCAR on the implementation of the Ionian-Adriatic Pipeline (IAP) project, Economy Minister of Montenegro Dragica Sekulic said in an interview with Trend.

Azerbaijan’s state oil company SOCAR intends to close its representative office in Estonia due to growing expenses, according to Estonia’s Äripäev financial newspaper.

Azerbaijan's state oil company SOCAR has increased its share in the authorized capital of SOCAR Energy Georgia (its Georgian subsidiary) from 51 to 75.51 percent, says the consolidated report on the financial activities of SOCAR for the last year, audited by Ernst & Young (EY).

The government of Azerbaijan will allocate 963.2 million manats to state company SOCAR, for financing work on a number of fields and to support “Azerenerji”, said the amendments to the draft law "on the state budget for 2018", submitted to the National Mejlis (Parliament) of Azerbaijan.

The transportation of Azerbaijani gas directly to European markets will strengthen Turkey's geostrategic position and will allow it to be an important energy hub, Rovnag Abdullayev, president of Azerbaijan’s state oil company SOCAR and Trans-Anatolian Natural Gas Pipeline (TANAP) chairman, said at the TANAP opening ceremony in Turkey’s Eskisehir.

There are plans to integrate the project of laying a fiber optic cable along the route of the Trans-Anatolian Natural Gas Pipeline (TANAP) in Turkey with the cable infrastructure of other countries, head of SOCAR Turkey Enerji (a subsidiary of Azerbaijan’s state oil company SOCAR in Turkey) Zaur Gahramanov told Trend.