Azerbaijan’s State Oil Company (SOCAR) shipped a batch of 90,000 tons of Azerbaijani oil to Belarus on February 5, local media reported with reference to the company’s Deputy Head of Public Relations Ibrahim Ahmadov.

Azerbaijan's State Oil Company (SOCAR) will resume oil transportation via Baku-Novorossiysk pipeline starting from February 15, local media reported with reference to the company’s Deputy Head of Public Relations Ibrahim Ahmadov.

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The arbitral award dated February 3, 2021, was issued by the arbitration tribunal acting in accordance with the arbitration rules of the United Nations Commission on International Trade Law (UNCITRAL) in favor of Azerbaijan (ACG) Limited, a company within SOCAR Group, Trend reports on Feb. 4 referring to SOCAR.

The first meeting of the Supervisory Board of the State Oil Company of Azerbaijan (SOCAR), created on the basis of the decree of the president of Azerbaijan "On measures to improve the management of the State Oil Company of the Azerbaijan Republic" dated January 23, 2021, was held, the Azerbaijan Investment Holding told Trend on Feb. 4.

Azerbaijan State Oil Company (SOCAR) has signed two Engineering, Procurement and Construction (EPC) contracts with Italy’s Maire Tecnimont’s subsidiaries Tecnimont and KT-Kinetics Technology, as a part of the modernization and reconstruction of Heydar Aliyev Oil Refinery in Baku.

Issues related to the liquidation, transformation and privatization of the State Oil Company of Azerbaijan (SOCAR) are not on the agenda and are not a priority, Deputy Minister of Economy of Azerbaijan Rovshan Najaf told Real TV, Trend reports.

The second arbitral award was issued on 26th January 2021 under London Maritime Arbitration Association terms in favor of SOCAR Group. London Court of International Arbitration awarded US$ 63,000,000 in the second proceeding between SOCAR and Palmali, Trend reports citing SOCAR.

The Supervisory Board of the State Oil Company of Azerbaijan (SOCAR) will operate in cooperation with the company's board, Azerbaijani Minister of Economy, Chairman of the Supervisory Board of SOCAR Mikayil Jabbarov said, Trend reports on Jan. 27.

Azerbaijani President Ilham Aliyev signed a decree on measures to improve the management of the State Oil Company of Azerbaijan (SOCAR) on January 23, Trend reports.