About: SOCAR

Global Europe 29-03-2017

Italy approves TAP pipeline, but activists attempt to block

Italy gave the green light for the construction of the Trans Adriatic Pipeline (TAP), one of the core projects of the Southern Gas Corridor. But activists in the Puglia region protested and asked that the pipe be moved further north.
Energy 24-02-2017

Top policymakers reassure Europe on Azeri gas deadline

The Southern Gas Corridor will start pumping gas from the Caspian Sea to Europe by 2020, its backers said yesterday (23 February), despite the risk of delays to this option for reducing dependence on Russia.
Energy 15-02-2017

EU gets wake-up call as Gazprom eyes rival TAP pipeline

Gazprom's bid to tap into a pipeline meant to wean Europe off Russian gas threatens to undermine a pillar of European energy policy and slow plans to develop rival deposits in the eastern Mediterranean.
Energy 19-01-2017

Commission insists Greece must privatise 66% of DESFA gas grid

Europe's top energy official said today (19 January) that Greek authorities should privatise a majority stake in Greek gas grid operator DESFA, after a deal collapsed last year.
Energy 05-12-2016

Five offers made for use of Greece-Bulgaria gas interconnector

Five binding offers have been submitted for the use of the natural gas pipeline between Bulgaria and Greece, the joint venture building the link said in a statement.
Energy 01-12-2016

Privatisation of Greek gas grid operator DESFA fails

Greece said yesterday (30 November) that talks to sell a 66% stake in gas grid operator DESFA to Azerbaijan's state-owned oil company, SOCAR, were not successful.
Energy 04-10-2016

SOCAR: The TAP project is at risk

There is a risk for the realisation of the Trans-Adriatic pipeline (TAP), which is part of the Southern gas corridor, due to delays in issuing permits by the local authorities in the Italian region of Puglia, Vitaly Baylarbayov, deputy Vice President of SOCAR told EURACTIV in an exclusive interview.
Energy 04-10-2016

Italian olive grove stands in way of European energy security

In the name of European energy security, a private guard wearing a navy blue uniform, aviator sunglasses and a baseball cap walks around a grove of olive trees in southern Italy.
Energy 05-09-2016

New discoveries improve the Southern Gas Corridor’s prospects

Azerbaijan said natural gas produced in the Absheron offshore gas field in the Caspian Sea could be exported through the Southern Gas Corridor. Until now it was planned that only gas from Shah Deniz 2, another offshore field, would be sent to Europe.
Energy 08-08-2016

Greek energy minister ‘positive’ on South Stream construction

Greece’s energy minister Panos Skourletis yesterday (7 august) said that Athens was positive on the prospect of South Stream pipeline construction.
Energy 20-07-2016

Azerbaijan’s SOCAR warns Greece against foul play over DESFA deal

Greece will not withdraw a bill amending the regulation of natural gas tariffs, despite warnings by Azerbaijan's SOCAR that it could jeopardise SOCAR's purchase of the Greek national gas grid, a senior energy ministry official said today (20 July).
The Lukoil refinery in Burgas, Bulgaria
Azerbaijan 31-08-2015

Bulgaria offers Azerbaijan ‘a package’ of energy projects

The Bulgarian government has proposed a package of energy cooperation projects to Azerbaijan. It remains unclear if the massive deal is part of a swap of property linked to a plan to divest 17% of Azerbaijan’s shares of Greek gas operator DEFSA to a third country.
Azerbaijan 26-08-2015

Greece optimistic about gas grid deal with Azerbaijan’s SOCAR

Azerbaijan's state-owned oil company SOCAR has confirmed its interest in acquiring a stake in Greek gas grid operator DESFA, with a deal possible by the end of the year, Greece's privatisation agency said on Wednesday (26 August).
Energy 09-04-2015

TAP pipeline open to other shareholders, including Iran

The Trans Adriatic Pipeline (TAP), which will carry Azeri gas to European markets, and is seen as Europe's alternative to its reliance on Russia, is open to new shareholders, including Iran, a spokeswoman for the project said yesterday (8 April).
Energy 20-03-2015

Athens opposes EU energy strategy, blocks privatisations

The Syriza-led government will be against an Energy Union that undermines Greece's national interests, including in its relations with Russia, said Greek energy minister Panagiotis Lafazanis, who also ruled out any privatisation schemes for the country’s energy sector.
Energy 06-03-2015

Russia can use Trans-Adriatic pipeline, Commission confirms

A Commission official confirmed yesterday (5 March) that Gazprom can use the Trans-Adriatic pipeline (TAP) to move gas, if the Russian export monopoly builds the “Turkish Stream” pipeline and brings gas to Greece.
Energy 10-12-2014

Russia confirms decision to abandon South Stream

Following a statement by EU ministers who said they wanted Russia to clarify its intentions concerning the South Stream gas pipeline, Russian gas monopoly Gazprom confirmed yesterday (9 December) that the decision to abandon the project is final.
Energy 14-08-2013

Putin fails to undermine Azerbaijan as gas competitor

Russian President Vladimir Putin failed to clinch a concrete energy deal on a rare trip to Azerbaijan yesterday (13 August), dashing Moscow's hopes to challenge the dominance of Western energy majors in the former Soviet republic.
Energy 19-06-2013

Azerbaijan’s SOCAR buys Greek gas operator DESFA

Greece is set to agree the sale of its natural gas grid operator DESFA to Azeri state energy company SOCAR, a senior official directly involved in the talks said yesterday (18 June). The deal appears to raise the chances that the Trans-Adriatic Pipeline (TAP) will win its bid for Azeri gas, against its competitor Nabucco.
Energy 29-05-2013

Mitschek: Nabucco answers Azerbaijan’s strategic consideration

Nabucco chief executive Reinhard Mitschek, who leads one of he two companies competing to obtain 10 billion of cubic metres of gas annually from the Shah Deniz gas field in Azerbaijan, made the case that his project means more diversification of exports for Azerbaijan by bringing its gas to at least 16 countries in Europe.
Energy 29-03-2013

Communication crossfire signals high tension in pipeline race

Nabucco West and the Trans Adriatic Pipeline (TAP), the two companies competing for Azerbaijani gas projects, have issued simultaneous statements today (29 March) that they have submitted the final package supporting their bids. The Shah Deniz consortium will chose between the two in June.
Energy 21-12-2012

Azerbaijan to buy 50% stake in Nabucco

Azerbaijan's Shah Deniz II gas group could agree to take a 50% stake in the Nabucco pipeline consortium by January, boosting Nabucco's prospects in a competition between projects that aim to pipe Azeri offshore gas into Europe.
Energy 15-11-2012

Oettinger talks up Tanap pipeline

EU Energy Commissioner Günther Oettinger has signalled that Brussels may soon accept the proposed Trans-Anatolian Gas Pipeline (TANAP), despite its earlier support for the Nabucco pipeline.   
Energy 20-08-2012

Nabucco remains in competition for Azeri gas

The Nabucco West project still has a chance of winning the contest to transport gas from Azerbaijan to European countries, even after a rival consortium signed a funding deal, an executive of the country's state oil firm said.
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