SOCAR plans to incorporate electric compressors from companies like Baker Hughes into its operations.
1 report, 1 independent
Updated Sep 7
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What happened
SOCAR plans to incorporate electric compressors from companies like Baker Hughes into its operations.
Who's involved
What this event is mainly aboutKeep exploring
Part of
SOCAR, the major energy company in Azerbaijan, is strategically shifting its focus from relying solely on oil and gas to developing a more diversified energy portfolio.Also in this story
- SOCAR is forming new strategic partnerships with ExxonMobil, TotalEnergies, and Apollo for major gas projects.
- SOCAR acquired Itochu's stake in the ACG project, maintaining investment in the Azerbaijan market.
- SOCAR Trading is exploring expansion into new markets across Asia, Africa, and Europe, including Bangladesh, Pakistan, and Africa.
- A minister from Azerbaijan outlined the country's economic strategy during a forum, detailing the ongoing shift towards a diversified energy portfolio.
The entities involved
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Baker Hughes
energy technology company
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Azerbaijan
country in the Caucasus in Eastern Europe and Western Asia
Related events
- SOCAR, Azerbaijan's state oil company, was identified in a recent report.
- SOCAR Group acquired Italiana Petroli in Italy, while SOCAR Georgia Petroleum operates in Georgia, aligning with European standards.
- SOCAR studies geothermal potential with partners, and solar power plant construction is underway in Jabrayil, Azerbaijan.
- Afgan Isayev, Vice President of SOCAR based in Azerbaijan, attended various events held in New York, US.