Mergers and Acquisitions News in Azerbaijan

SOCAR & Halliburton Signed MOU to Provide Broad Suite of Oilfield Products
2/10/2020 - SOCAR-AQS and Halliburton Company (HAL) announced the companies have signed a Memorandum of Understanding (MOU) to form a new joint venture to provide a broad suite of oilfield products and services i...
Topaz’s Caspian Voyager Enters Extended Dry-Docking Scheme with ABS
9/24/2019 - ABS and Topaz Energy and Marine, a leading offshore energy logistics company, have, together with the State Maritime Agency under the Ministry of Transport, Communications and High Technologies of the...
Bursagaz & Kayserigaz Acquisition by SOCAR Turkey Completed
6/17/2019 - The final approval has been reached in the SOCAR Turkey acquisition of German EWE's subsidiaries. Vagif Aliyev, Chairman of SOCAR Turkey said: ''Bursagaz, Kayserigaz, Enervis, EWE Energy and Millenico...
SOCAR Turkey to Supply Natural Gas to Kayseri & Bursa
1/30/2019 - Turkey's largest foreign investor, SOCAR, has acquired EWE Turkey Holding and its group of companies, which manages the operations of the German energy company EWE AG in Turkey. “The purchase of this ...
Nobel Oil & Wood Enter into Joint Venture Agreement in Azerbaijan
10/31/2018 - Nobel Oil and Wood have entered into a joint venture (JV) agreement to provide engineering and operations support services to the oil and gas market in Azerbaijan. The JV will combine Wood’s engineeri...
SOCAR & China’s BGP Establish JV on Seismic Exploration
10/2/2018 - SOCAR and BGP Inc., a subsidiary of China National Petroleum Corporation (CNPC) have signed a Foundation Agreement on the establishment of a joint venture.Rovnag Abdullayev, President of SOCAR, Khoshb...
SOCAR & Germany’s UNIPER Join Together to Increase Energy Efficiency in Azerbaijan
8/25/2018 - Uniper SE and SOCAR will collaborate on projects aimed at improving the energy efficiency of oil and gas production in Azerbaijan. The two companies signed an agreement to that effect today in Baku du...
Keppel & Baku Shipyard Agree to Terminate Management, Technical Services Agreements
8/8/2018 - Keppel Corporation Limited (KCL) refers to its announcement dated 20 September 2013 on the development of a shipbuilding and shiprepair facility in Baku, Azerbaijan by a joint venture company, Baku Sh...
SOCAR AQS & KCA Deutag Announce Historic Caspian JV
7/26/2018 - SOCAR AQS and KCA Deutag announce that they have reached an agreement to form a joint venture that will target existing and future opportunities in the offshore and onshore Caspian drilling and engin...
SOCAR & Statoil (Equinor) Agree to New Joint Upstream Projects in Caspian Sea
SOCAR & Statoil (Equinor) Agree to New Joint Upstream Projects in Caspian Sea 5/30/2018 - On 30th of May State Oil Company of Azerbaijan Republic (SOCAR) and Statoil Azerbaijan, part of Norway’s Equinor group signed a Risk Service Agreement (RSA) Related to the Development of the Karabagh ...
Nobel Oil Services Establishes a Joint Venture with GAMA Industry Inc.
2/27/2018 - Nobel Oil Services through its subsidiary PROKON established new joint venture with the global industrial plant construction company GAMA Industry Inc. The new joint venture named ProkonGama will comb...
IBM & SOCAR Announce a Joint Venture
1/15/2018 - SOCAR and IBM (IBM) announce establishment of a joint venture called Caspian Innovation Center LLC for the purpose of building and operating a competitive analytics and delivery center to provide IT, ...
Petrofac and SOCAR Form Joint Venture
12/5/2017 - Petrofac’s Training Services business and the State Oil Company of the Republic of Azerbaijan (SOCAR) have signed a Shareholders Agreement to form a Joint Venture for the pursuit of training opportuni...
Petrofac & SOCAR Form Joint Venture
12/5/2017 - Joint Venture will provide excellent training and educational services based on contemporary programmes to employees working on international energy projects. On 5th December, Petrofac and the Stat...
BP Sells Stake in China Petrochemical Venture to Sinopec for $1.7 Bn
4/27/2017 - BP has agreed to sell its 50 percent stake in the Shanghai SECCO Petrochemical Company to a subsidiary of its joint venture partner Sinopec for $1.68 billion, the British oil major said. ...
SOCAR President Meets with Iranian Oil Minister
4/8/2017 - A delegation led by SOCAR President Rovnag Abdullayev, being on a visit to Iran, met with Bijan Namdar Zangeneh, Oil Minister of the Islamic Republic of Iran. During the meeting, representatives discu...
BP to Continue its Partnership with Azerbaijan’s National Olympic & Paralympic Committees Until 2020
12/15/2016 - BP announced its decision to extend its partnership with Azerbaijan’s National Olympic Committee and National Paralympic Committee. As part of the extension BP will continue to support the country’s ...
BHOS & Italian Kinetics Technology Establish Cooperation
6/3/2016 - Gaetano Iaquaniello, Technology and Business Development Vice President of Kinetics Technology S.p.A, Italy, head of branch office in Azerbaijan of the company Niccol? Heilpern and the chair of the co...
SOCAR & UNIPER Establish Cooperation
5/25/2016 - SOCAR and UNIPER, Germany held third meeting of the Coordination Committee in Sumgayit. Rovnag Abdullayev, SOCAR President, Klaus Sch?fer, CEO, UNIPER and other officials attended the meeting. The com...
Statoil Completes Divestment of Interest in TAP for EUR 208m
12/17/2015 - Statoil and Snam SpA have completed their previously announced transaction, whereby Statoil has sold its 20% interest in Trans Adriatic Pipeline AG for a total consideration of EUR 208 million. This a...

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