Black Sea oil terminal of the Azerbaijani state oil company SOCAR in Georgia's Kulevi port has transshipped 24.2 million tons of crude oil and oil products from the beginning of operations on May 16, 2008 until today, SOCAR told Trend.

Possible participation of Azerbaijan’s state oil company SOCAR in Bulgaria’s gasification is an element of deepening mutually beneficial cooperation with Azerbaijan, said Bulgarian Energy Minister Temenuzhka Petkova.

SOCAR State Company of Azerbaijan holds talks on developing an oil field in Russia.

Azerbaijan’s state oil company SOCAR is in talks with Russia’s Rosneft, Gazprom and Novatek over the development of an oil field in Russia, SOCAR Vice President Elshad Nasirov told reporters Nov. 1 in Minsk, Reuters reported.

Star refinery will make significant contribution to the development of the economies of Azerbaijan and Turkey, President of Azerbaijan’s state oil company SOCAR Rovnag Abdullayev said Oct. 19 at the refinery’s opening ceremony in Izmir, SOCAR said in a message.

The Star oil refinery will help reduce Turkey’s dependence on imports in the petrochemical industry, Turkish Treasury and Finance Minister Berat Albayrak said at the opening ceremony of the Star refinery in Izmir.

The cooperation between Azerbaijan and Turkey in the field of energy totals decades.

The Azerbaijani parliament approved the agreement concluded between the Azerbaijani state company SOCAR and British BP on production sharing for joint exploration and development on the D230 block in the North Absheron in the Azerbaijani sector of the Caspian Sea.

The official opening ceremony of STAR refinery, owned by the Azerbaijani state oil company SOCAR, is scheduled for October 19, the Turkish media reported on Oct. 12.

Azerbaijan hopes to raise $1.5 billion by the end of 2018 for the Southern Gas Corridor project, the Deputy Vice-President of SOCAR (State Oil Company of Azerbaijan) on investments and marketing Vitaly Beglyarbekov said October 9 during the German-Azerbaijani Business Forum on Energy and ICT.