The statement was made by a senior official of the Azerbaijan’s state oil company SOCAR in an interview with Trend on June 30.

About €2.3 billion of direct investment will be made in Greece within the construction project of Trans Adriatic Pipeline (TAP), Greek media reported citing SOCAR Energy Greece’s Head Anar Mammadov as saying on June 24.

Anyone who would like to know about the future of oil and gas field has to visit Baku. The statement was made by Bernard Looney, Chief Executive Director of BP’s Upstream Division, at the event held within the framework of the two-day visit of Heads of international investment funds to Baku with the aim to analyze the portfolio and strategy in upstream section of BP.

European Bank for Reconstruction and Development (EBRD) plans to increase its assets in Holcim Azerbaijan OJSC (Garadagh cement plant) from the current 10 percent to 20 percent.

Iran keeps regaining its oil market share by pumping additional barrels to the already oversupplied market.

Iranian oil sector is attractive for many foreign companies which plans investing in Iranian oil industry in the near future.

The largest investment project of Azerbaijan Southern Gas Corridor intends to attract investments worth $7 billion.

Iran needs $15 billion in investment for the construction of a network of gas pipelines.

SOCAR (State Oil Company of the Azerbaijan Republic) is interested to acquire assets of the gas station belonging to the Austrian energy company OMV in Turkey as a part of expanding investments of the company in abroad.

Azerbaijan’s oil fund SOFAZ is studying investment opportunities in new markets.