Azerbaijan: SOCAR to ensure stable revenue

Azerbaijan’s state oil company SOCAR was focused on diversification of its investments even when the oil prices were high, and this strategy would ensure stability of the company’s revenues, President of SOCAR Rovnag Abdullayev said. “As a result of the right investment strategy, the value of SOCAR’s total assets increased from 9 billion manats to…

Azerbaijan: SOCAR sticks to DESFA deal

Azerbaijani state oil company SOCAR is not going to abandon the purchase of a share in the Greek gas operator DESFA, President of SOCAR Rovnag Abdullayev said. “We won the tender and we’re not going to abandon the deal [with DESFA]”, Abdullayev said. “We don’t talk about appealing to a court, but we will defend…

Azerbaijan: SOCAR to export LNG

The Azerbaijani state oil company SOCAR is supplying liquefied natural gas to new buyers. “SOCAR will possibly start “pure trading” in the next five years”, Arzu Azimov, chief executive officer of Geneva-based Socar Trading, said. “Until then it will focus on projects that involve using LNG to generate power in nations from Africa to Southeast…

Turkey and Turkmenistan mull bilateral ties

Turkey attaches special importance to the development of the traditionally friendly and fraternal relations with Turkmenistan, Ahmet Arslan, Turkish minister of transport, maritime affairs and communication, said. Arslan made remarks at a meeting with Turkmen President Gurbanguly Berdimuhamedov in Ashgabat. The sides expressed confidence in further development of the interstate cooperation, which was initially based…

Turkmenistan and Qatar mull cooperation prospects

Turkmen President Gurbanguly Berdimuhamedov discussed the topical issues of bilateral cooperation at a meeting with Qatar’s Foreign Minister, Sheikh Mohammed bin Abdulrahman bin Jassim Al-Thani, the Turkmen government said. Stressing the broad prospects for the development of trade and economic relations, the sides called for intensifying fruitful partnership in various fields. The oil and gas…

Uzbekistan to host conference on phosphorite processing technologies

Uzbekistan will host the first international conference “Resource saving technologies for processing of phosphorite of Central Kyzylkums into phosphate fertilizers and phosphoric salts” in October. Uzkimyosanoat and Ammofos-Maxam are organizers of the conference. According to the organizers, the conference will be held in Tashkent on October 10. The conference is aimed at discussing important achievements…