Tag Archives | Socar

Iraqi Drilling Company signs Partnership Contract with SOCAR

By John Lee. The Iraqi Drilling Company (IDC) has signed a partnership contract with SOCAR, the the state-owned oil and gas company of Azerbaijan, for drilling and oil-field services. The Director General of the company, Bassim Abdul Karim, said that the contract involves collaboration in the field of drilling and reclamation of oil wells, noting […]

Iraqi Drilling Company visits SOCAR AQS

By John Lee. The General Director of Azerbaijan-based oil services company SOCAR AQS, Samir Mollayev, met with a delegation led by General Director of Iraqi Drilling Company (IDC), Basim Abdulkareem, on Tuesday. At the meeting held in Socar's Baku office, he informed the guests about the development of the oil and gas industry in Azerbaijan, […]

Iraq discusses Oil Cooperation with Azerbaijan

By John Lee. Iraq's Oil Minister Ihsan Abdul-Jabbar Ismail has visited Azerbaijan to discuss cooperation between the two countries in the field of oil and gas. Azerbaijan's Minister of Energy, Parviz Shahbazov, said it would be possible to supply Iraqi crude oil and oil products to the world market via SOCAR, the state-owned oil and […]

Ceyhan Tanker Cancellations Increase

By John Lee. Oil firms expecting to load Kirkuk crude at the Turkish port of Ceyhan have had to cancel tankers, as the Kurdistan Regional Government ramps up independent oil sales at the expense of sales through the State Oil Marketing Organization (SOMO). According to a report from Reuters, tanker cancellations included Eni’s Seanostrum, Socar’s […]

Russia's LUKoil "Exported Kurdish Oil"

By John Lee. Reuters reports that LUKoil, Russian’s biggest non-state oil producer, which is believed to be considering buying ExxonMobil's stake in the West Qurna-1 oil field, has bought oil from Kurdistan in defiance of Baghdad. Baghdad has long insisted it has the sole right to export oil, but LUKoil's Geneva-based trading arm Litasco has […]