SOCAR lead story
Azerikimya PU commissions Nitrogen-oxygen unit and water-cooling complex at Ethylene-polyethylene Plant
On May 21, Nitrogen-oxygen unit and water-cooling complex was commissioned at Ethylene-polyethylene Plant of Azerikimya PU.
The event was attended by SOCAR President Rovnag Abdullayev, head of the Executive Power of Sumgayit Eldar Azizov, and Azerikimya head Mukhtar Babayev, and other senior representatives of the state oil company.
During the meeting, SOCAR President was informed that construction-installation works have been conducted by Repair and Construction Division of Azerikimya PU. Commissioning of new facilities will contribute to the effective, stable and reliable operation of “EP-300” and “Polimir-120” complexes of Ethylene-polyethylene plant.
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SOCAR Turkey signs STAR Refinery Construction Agreement
On May 20, an agreement on construction of the Star refinery was signed at Chiraghan Hotel in Turkey.
The document was signed by head of SOCAR Investments Division and Petkim’s Chairman of Board Vagif Aliyev, Chief Executive Officer at SOCAR Turkey Kenan Yavuz, the Secretary General of the Spanish company Tecnicas Reunidas Jose Pedro Sebastian De Erice, Executive Director of Business Development Enrique Alsina Massan and by the representatives of Saipem, GS Engineering and Itochu. Vagif Aliyev stressed that .
the groundbreaking ceremony of the STAR Refinery, held on 25 October 2011 with the participation of the President of the Republic of Azerbaijan Ilham Aliyev and Turkish Prime Minister Recep Tayyip ErdoÄźan, came to a very important stage. According to him, STAP Refinery, refinery, petrochemical, energy, logistics projects with Petkim, as well as TANAP pipeline will contribute to the strategic partnership between Azerbaijan and Turkey. CEO of the Spanish Tecnicas Reunidas Juan Llado said that despite the global economic crisis, huge investments in STAR Refinery are continued.
He expressed confidence in successful completion of construction works. SOCAR Turkey CEO Kenan Yavuz said that operations of the Refinery, the most important step in refinery-petrochemistry-energy-logistics integration, were anticipated to start within 51 months after the said signatures affixed. With 10 million tons/year capacity, STAR refinery will handle oil types such as Ural, Azeri Light and Kirkuk. The project will be conducted in full compliance with the highest European standards.
SOCAR ANNOUNCES SPONSORSHIP OF UEFA EURO 2016
State Oil Company of Azerbaijan (SOCAR), a leading global oil company of the world, is pleased to announce that it has entered into a major sponsorship deal for the UEFA EURO 2016 and European Qualifiers.
This partnership between SOCAR and UEFA will create innovative opportunities that offer real benefits to the game with such a rich history, being one of the most prestigious national team competitions in the world held every four years and generating huge audiences around the world since the first tournament of which was held back in 1960 in France.
Commenting on the partnership, Mr. Elshad Nasirov, SOCAR's Vice-President of marketing and investments, said: “We are thrilled to be involved with this forward-thinking project and SOCAR takes great pride in its association with the world of sport. This will be our second international sponsorship involvement in football following the FIFA Women’s Under-17 World Cup 2012 hosted last year in Azerbaijan.
Our company provides active and devoted support for the game in Azerbaijan being the main official sponsor of the Association of Football Federations of Azerbaijan. Sponsorships across the sport are a very significant point for us, and being associated with such a large scale and exciting competition is very important to us. This sponsorship provides us with a unique platform to raise the international profile of SOCAR and reflects our vision of establishing and building a premium brand in the energy sector.”
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SOCAR signs “The Critical Language Scholarship Program” agreement
On May 15, SOCAR President Rovnag Abdullayev received the U.S. Ambassador to Azerbaijan Richard Morningstar.
During the meeting, SOCAR President Rovnag Abdullayev and Ambassador Richard Morningstar signed an agreement on ''The Critical Language Scholarship Program'' (CLS).
According to the agreement, SOCAR will finance two American students' participation in the program as part of cooperation with the U.S. State Department. The expenses of these students education, relocation and other administrative costs within the program will be covered by SOCAR. In turn, the U.S. State Department, together with partner organizations and contractor organizations, undertakes to supervise the execution of ''CLS'' program, including the selection of participants, administrative actions, language and cultural training, and other issues related to the implementation of the program.
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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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