oil and gas
Mirziyoyev Discusses Ustyurt Plateau Projects with SOCAR and BP
Uzbek President Shavkat Mirziyoyev met with SOCAR President Rovshan Najaf and BP Regional President Giovanni Cristofoli to discuss hydrocarbon development on the Ustyurt Plateau.
Gran Tierra Energy Registers Branch in Azerbaijan
Canadian Gran Tierra Energy, SOCAR's partner in the Guba-Caspian region project, has opened a branch in Baku. The company will receive 65% and become the project operator.
SOCAR Scores 50 out of 100 in S&P Global Sustainability Ranking
Azerbaijan's state oil company scored 50 out of 100 in the Corporate Sustainability Assessment, outperforming 83% of companies in its industry group.
ADB cuts Azerbaijan's 2026 GDP growth forecast to 1.6%
The Asian Development Bank lowered its forecast for Azerbaijan's economic growth in 2026 from 2% to 1.6%, keeping its 2027 estimate at 1.8%.
Eni Sells 10% Stake in Baleine Project in Côte d'Ivoire to SOCAR
Eni has sold a 10% stake in the Baleine project in Côte d'Ivoire to Azerbaijan's state oil company SOCAR as part of its upstream portfolio optimization strategy.
Uzbekistan and Qatar's Al Alfia Holding Discuss Chemical and Oil & Gas Projects
Uzbekistan plans to attract Qatari company Al Alfia Holding to joint projects in the chemical and oil & gas sectors, including localization of lubricants and equipment production.
Uzbekistan Tightens Measures to Stabilize Oil and Gas Market
President Shavkat Mirziyoyev has ordered increased production, reserve building, and uninterrupted supplies amid rising demand.
Uzbekneftegaz and Honghua Group Agree to Accelerate Drilling Equipment Deliveries
Uzbek state company and Chinese manufacturer discussed speeding up deliveries of drilling rigs to support growing drilling volumes.
Uzbekneftegaz and KBR Discuss Expanding Cooperation in Oil and Gas Projects
Uzbek state company Uzbekneftegaz and American engineering firm KBR discussed expanding cooperation in oil and gas investment projects, including the introduction of modern engineering solutions.
SOCAR and Gran Tierra to Conduct Seismic Survey in Guba-Caspian Region
SOCAR and Canada's Gran Tierra Energy Inc. plan a 2D seismic survey in the Guba-Caspian region under a production sharing agreement.