SOCAR

Albania transitions from gas transit to consumption with SOCAR supply in Korca Read More »

Albania transitions from gas transit to consumption with SOCAR supply in Korca

Albania is set to emerge as a significant natural gas consumer, as Azerbaijan’s state energy company SOCAR prepares to supply gas to the city of Korca. This initiative signals a shift in Albania’s role from merely a transit country to an active end user within the regional gas system. The planned gasification will cover Korca’s […]

Azerbaijan and Hungary sign gas supply deal allowing up to 800 million cubic meters over two years Read More »

Azerbaijan and Hungary sign gas supply deal allowing up to 800 million cubic meters over two years

Azerbaijan’s SOCAR and Hungary’s MVM ONEnergy have finalized a new gas supply agreement, enabling Hungary to receive up to 800 million cubic meters of natural gas over a two-year period starting 1 January 2026. Hungarian Foreign Minister Peter Szijjarto emphasized that this volume represents a maximum ceiling, with actual deliveries depending on market conditions and

Bulgaria: Cengiz Holding and SOCAR move to acquire Lukoil’s Burgas refinery in $2.5 billion deal Read More »

Bulgaria: Cengiz Holding and SOCAR move to acquire Lukoil’s Burgas refinery in $2.5 billion deal

According to media reports, Turkish conglomerate Cengiz Holding and Azerbaijan’s state-owned energy company SOCAR are moving forward with plans to acquire Lukoil’s Neftochim Burgas refinery in Bulgaria. Their joint bid was submitted more than a year ago, reportedly surpassing several international competitors. The deal, estimated at around 2.5 billion dollars, would give the two companies

Region: Naftogaz launches first gas imports from Azerbaijan via Trans-Balkan Corridor Read More »

Region: Naftogaz launches first gas imports from Azerbaijan via Trans-Balkan Corridor

Naftogaz Group has signed its first supply agreement with SOCAR Energy Ukraine, a subsidiary of Azerbaijan’s SOCAR group, to import natural gas from Azerbaijan using the Bulgaria-Romania-Ukraine corridor. Before starting regular deliveries, the company conducted a trial shipment of gas via the Trans-Balkan route. Naftogaz CEO Sergii Koretskyi stated that although the volume was small,

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