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Staff nationalization strategy in oil and gas industry

R. Abdullayev: ''By the end of the year, foreign oil and gas companies staff in Azerbaijan will be 90% nationalized''
A meeting dedicated to the 5th anniversary of the Staff Nationalization Program in the oil and gas industry of Azerbaijan took place on December 5, 2018. Rovnag Abdullayev, President of SOCAR, Vusal Huseynov, Head of State Migration Service, Gary Jones, BP’s Regional President for Azerbaijan, Georgia and Turkey and other officials attended the event.

Success Stories, a film about the Staff Nationalization Program’s achievements, was screened during the event.

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SOCAR to operate 9 fuel stations at the new Istanbul Airport

SOCAR, the largest foreign investor in Turkey, was awarded a contract for nine fuel stations at Istanbul Airport, which will be the world's largest airport after completion.
SOCAR Turkey was awarded a contract for nine fuel stations at Istanbul Airport. The first phase of the new transport hub was officially opened on 29 October. The nine new stations will serve a combination of service vehicles operating within the vast perimeter of the modern hub and the general public. As an operator, SOCAR is immensely proud to be have been chosen as the preferred operator to meet consumers' fuel needs at the world's largest airport. After completion, the airport will be the world’s largest passenger airport with an estimated capacity reaching 200 million passengers a year.

Vagif Aliyev, Board Chairman of SOCAR Turkey, said that they will serve customers in Turkey directly for the first time. ''In 2008, we entered the Turkish market with the acquisition of Petkim and since then we have realized giant projects such as the STAR Refinery, TANAP, Petlim Container Terminal, Petkim Wind Power Station with a total investment of $14.2 billion. The area covering all projects of SOCAR Turkey in Aliaga, Izmir has recently received the title of the first Private Industrial Zone in Turkey.

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SOCAR Heydar Aliyev Refinery acquires new equipment

SOCAR Heydar Aliyev Refinery procured a Larsen & Toubro diesel hydrotreating reactor as part of its modernization and reconstruction project. The new equipment is 32.7-meter long, 8.4-meter wide and 6.6-meter high and will be installed at the refinery in the near future.
The reactor was produced at the Larsen & Toubro plant in Hazira, India and shipped from the Hazira’s Adani Port to Constanța, Romania and continued its journey via the Volga-Don Shipping Canal from the Black Sea to the Caspian Sea to Zykh, Baku where SOCAR’s Oil and Gas Construction production area is located. It was then transported to the Heydar Aliyev Refinery.

The first piece of equipment delivered to the refinery for the diesel hydrotreating unit was a Tekfen hydrogenation evaporating (32-K-001) column 34-meter long, 4-meter and 2.6-meter in diameter with a capacity of 150 tons. It followed a similar route from Derince, Turkey through the Black Sea, Volga-Don Shipping Canal and the Caspian Sea arriving at the refinery in 35 days. Two thermal reactors with a total capacity of 130 tons produced by AMD international SRL for a sulfur recovery unit, as well as six pieces of thermal cycling equipment produced by Daekyung Machinery & Engineering Co.

Ltd for heating crude oil blend for the diesel hydrotreating unit were delivered earlier and are currently being installed.

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SOCAR’s giant investment project - STAR Refinery launched

SOCAR, the largest direct foreign investor in Turkey, launched its $6.3-billion SOCAR Turkey Aegean Refinery - STAR Refinery, which will provide a large portion of oil products demand in the local market with 10 million tons of annual oil processing capacity. In coming years, SOCAR's new refinery will be a solid contribution to the economies of Azerbaijan and Turkey.
SOCAR’s $6.3-billion STAR Refinery, one of the largest investment projects in Turkey, was inaugurated on October 19, 2018 in a ceremony held in Aliaga, Izmir. Alongside the refinery SOCAR has also launched its other projects - Petlim Container Terminal, Petkim Wind Power Plant and its regional head office. President Ilham Aliyev of the Republic of Azerbaijan, President Recep Tayyip Erdoğan of the Republic of Turkey, government officials of the two countries and numerous guests have attended the inauguration ceremony.

Addressing the event, SOCAR President Rovnag Abdullayev spoke about the STAR project: ''Today is a historic day for us. Because we are launching the STAR Refinery, foundation of which was laid by the leaders of the two countries on October 25, 2011. The STAR Refinery, built and equipped with the world's latest technologies, helps integration of our petrochemical business and therefore has a strategic importance for our company. The refinery, with annual processing capacity of 10 million tons of crude oil, will make a significant contribution to the economy of Azerbaijan and Turkey''.

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The State Oil Company of Azerbaijan… at a glance

Discover SOCAR

The State Oil Company of the Azerbaijan Republic (SOCAR) is involved in exploring oil and gas fields, producing, processing, and transporting oil, gas, and gas condensate.

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International ratings

When investors and credit organizations wish to cooperate with any company, first of all the international rating of the company in discussion is reviewed.

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