Azerbaijan's close cooperation with the European Charter, in particular Azerbaijan's entry into the International Energy Charter (IEC), will expand the prospects for investment opportunities and also contribute to the creation of a legislative framework that meets modern requirements, the ex-head of the State Oil Company of Azerbaijan, economist Sabit Bagirov told Trend.

Russia’s Rosgeo JSC and Azerbaijan’s state oil company SOCAR are in talks regarding carrying out seismic survey, Director General of Rosgeo JSC Roman Panov said in an interview with TASS news agency.

The Southern Gas Corridor (SGC) project does not seek to compete with gas projects in Europe involving Gazprom, all pipelines will be in demand against the background of growing demand for energy, Vitaly Beglyarbekov, Deputy Vice-President for Investments and Marketing of the State Oil Company of Azerbaijan (SOCAR) said during his visit to Washington.

Integration of liquefied petroleum gas (LPG) filling station and bitumen unit into the general infrastructure of the Heydar Aliyev Baku Oil Refinery has been completed, Azerbaijan’s state oil company SOCAR, which owns the refinery, told Tre

SOCAR Energy Ukraine (a subsidiary of Azerbaijan’s state oil company SOCAR) plans to greatly increase natural gas supplies to Ukraine, the company told Trend.

Throughout last year, 82 percent of oil products of SOCAR were sold on the domestic market, while the remaining 18 percent was exported.

At the end of last year, 167 petrol stations of SOCAR operated in Switzerland.

Azerbaijani state oil company SOCAR's filling station in the Zabrat settlement of the Sabunchu district of Baku has begun selling compressed natural gas (CNG), SOCAR said in a message Aug. 24.

Fluctuations in the Turkish lira’s rate won’t have a tangible impact on the profitability of assets of SOCAR Turkey Enerji (a subsidiary of Azerbaijan’s state oil company SOCAR in Turkey), head of external relations of SOCAR Turkey Enerji Murat Lecompte told Trend.

The German giant EWE AG company is preparing to withdraw from the energy market of Turkey and to sell its share in gas distribution companies Bursagaz AS and Kayserigaz AS.